Standex International (NYSE:SXI) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Technical breakout: Standex shares crossed above their 200‑day moving average (200‑DMA $242.73), trading as high as $271.89 and last at about $270.07 on notable volume.
• Analyst sentiment upgraded: Multiple firms raised price targets (DA Davidson to $298, Roth MKM to $286) and the stock holds a consensus rating of "Moderate Buy" with a consensus target of $281.33 (three Buys, one Hold).
• Fundamentals showing momentum: Latest quarter beat expectations with $2.08 EPS vs. $2.00 est. and revenue of $221.3M (up 16.6% YoY), and the company pays a $0.34 quarterly dividend (annualized yield ~0.5%, payout ratio ~30%).

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $242.73 and traded as high as $271.89. Standex International shares last traded at $270.0650, with a volume of 176,310 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on SXI. DA Davidson lifted their price objective on shares of Standex International from $272.00 to $298.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a research report on Sunday, February 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Standex International in a research report on Wednesday, January 21st. Roth Mkm lifted their price objective on shares of Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a research report on Tuesday, February 3rd. Finally, Barrington Research reissued an "outperform" rating and set a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $281.33.

Standex International Stock Performance

The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 60.55, a P/E/G ratio of 3.38 and a beta of 1.11. The stock has a 50 day moving average of $258.74 and a 200 day moving average of $242.73. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.08. The business had revenue of $221.32 million during the quarter, compared to the consensus estimate of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 earnings per share. As a group, analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International's payout ratio is 30.49%.

Insider Buying and Selling

In other news, insider Vineet Kshirsagar sold 400 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the transaction, the insider owned 4,647 shares of the company's stock, valued at approximately $1,208,684.70. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Chorman sold 513 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director owned 12,666 shares in the company, valued at approximately $3,293,160. The trade was a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,063 shares of company stock worth $4,114,860 in the last ninety days. 2.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Consulate Inc. bought a new stake in shares of Standex International during the 3rd quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its stake in shares of Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after buying an additional 68 shares during the period. UMB Bank n.a. increased its stake in shares of Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock valued at $28,000 after buying an additional 73 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $28,000. Finally, Simplex Trading LLC acquired a new position in shares of Standex International in the fourth quarter valued at approximately $35,000. 90.35% of the stock is owned by institutional investors.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.

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