Shares of Standex International Corporation (NYSE:SXI – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $289.6667.
SXI has been the subject of several analyst reports. DA Davidson reissued a “buy” rating and issued a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded Standex International from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th.
View Our Latest Stock Analysis on Standex International
Insider Buying and Selling at Standex International
Institutional Investors Weigh In On Standex International
A number of hedge funds and other institutional investors have recently modified their holdings of SXI. Royal Bank of Canada lifted its holdings in shares of Standex International by 110.7% during the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Standex International by 13.7% during the first quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock worth $851,000 after buying an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Standex International by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after buying an additional 308 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Standex International by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock worth $6,474,000 after buying an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after buying an additional 33,016 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.
Standex International Price Performance
Shares of SXI opened at $255.12 on Wednesday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 31.07, a P/E/G ratio of 3.36 and a beta of 1.09. Standex International has a twelve month low of $144.62 and a twelve month high of $284.71. The company has a 50 day moving average of $262.61 and a 200-day moving average of $248.15. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.
Standex International (NYSE:SXI – Get Free Report) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The firm had revenue of $224.60 million during the quarter, compared to the consensus estimate of $225.16 million. During the same period in the prior year, the business posted $1.95 earnings per share. Standex International’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Standex International will post 8.59 EPS for the current fiscal year.
Standex International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s dividend payout ratio (DPR) is currently 16.57%.
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.
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