Standex International Corporation (NYSE:SXI – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $289.6667.
Several equities research analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $323.00 target price on shares of Standex International in a report on Monday, May 4th.
View Our Latest Stock Analysis on SXI
Standex International Price Performance
Standex International (NYSE:SXI – Get Free Report) last issued 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 return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter in the prior year, the company posted $1.95 earnings per share. Standex International’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that Standex International will post 8.58 EPS for the current fiscal year.
Standex International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 8th. Standex International’s dividend payout ratio is 16.57%.
Institutional Investors Weigh In On Standex International
A number of hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its stake in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after purchasing an additional 520,506 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Standex International by 23.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock worth $85,352,000 after purchasing an additional 74,599 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Standex International by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock worth $61,195,000 after purchasing an additional 798 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Standex International by 73.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after purchasing an additional 94,415 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Standex International by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after purchasing an additional 6,092 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other 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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