Standex International Corporation (NYSE:SXI – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $298.59 and last traded at $296.6520, with a volume of 20139 shares. The stock had previously closed at $290.45.
Analyst Ratings Changes
Several analysts have issued reports on the company. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Monday, March 9th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson restated a “buy” rating and set a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Standex International currently has a consensus rating of “Moderate Buy” and an average target price of $289.67.
View Our Latest Research Report on Standex International
Standex International Stock Performance
Standex International (NYSE:SXI – Get Free Report) last issued its quarterly 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 business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts expect that Standex International Corporation will post 8.58 earnings per share for the current fiscal year.
Standex International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 8th. Standex International’s dividend payout ratio is presently 16.57%.
Institutional Investors Weigh In On Standex International
Several hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in Standex International by 538.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,544 shares of the industrial products company’s stock worth $12,069,000 after purchasing an additional 46,838 shares in the last quarter. Synovus Financial Corp bought a new stake in Standex International during the 3rd quarter valued at $1,177,000. Anchor Capital Management Company LLC boosted its position in Standex International by 43.9% during the 3rd quarter. Anchor Capital Management Company LLC now owns 98,394 shares of the industrial products company’s stock valued at $20,850,000 after acquiring an additional 29,998 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Standex International during the 3rd quarter valued at $17,766,000. Finally, Segall Bryant & Hamill LLC bought a new stake in Standex International during the 3rd quarter valued at $19,763,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.
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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