Standex International (NYSE:SXI) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Standex International (NYSE:SXI) announced its earnings results on Thursday. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08, Zacks reports. Standex International had a net margin of 6.29% and a return on equity of 14.20%.

Standex International Trading Up 1.9%

Shares of Standex International stock traded up $4.66 on Thursday, hitting $246.72. 158,595 shares of the company’s stock traded hands, compared to its average volume of 124,721. The company has a fifty day moving average of $236.43 and a two-hundred day moving average of $217.56. Standex International has a one year low of $128.85 and a one year high of $253.14. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 56.59 and a beta of 1.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.87 and a quick ratio of 2.07.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s payout ratio is currently 31.19%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 1,823 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total transaction of $419,508.76. Following the completion of the sale, the chief financial officer owned 9,341 shares of the company’s stock, valued at $2,149,550.92. This trade represents a 16.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vineet Kshirsagar sold 650 shares of Standex International stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total transaction of $151,690.50. Following the completion of the sale, the insider owned 5,047 shares of the company’s stock, valued at $1,177,818.39. This represents a 11.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,473 shares of company stock worth $794,509. Corporate insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Several large investors have recently made changes to their positions in the company. Amundi boosted its holdings in Standex International by 5.0% in the third quarter. Amundi now owns 2,085 shares of the industrial products company’s stock worth $451,000 after acquiring an additional 99 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Standex International by 1.2% during the second quarter. California State Teachers Retirement System now owns 10,998 shares of the industrial products company’s stock valued at $1,721,000 after buying an additional 127 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International during the third quarter worth about $28,000. Thrivent Financial for Lutherans raised its holdings in shares of Standex International by 1.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,877 shares of the industrial products company’s stock worth $1,389,000 after acquiring an additional 138 shares during the last quarter. Finally, Creative Planning lifted its position in Standex International by 6.6% in the 3rd quarter. Creative Planning now owns 2,745 shares of the industrial products company’s stock valued at $582,000 after acquiring an additional 170 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SXI shares. Roth Mkm upped their price objective on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday. Wall Street Zen upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. DA Davidson restated a “buy” rating and set a $272.00 price objective on shares of Standex International in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.00.

About Standex International

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.