Shares of Standex International Corporation (NYSE:SXI – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $266.39 and traded as high as $319.98. Standex International shares last traded at $315.65, with a volume of 145,809 shares changing hands.
Analyst Ratings Changes
Several equities analysts recently issued reports on SXI shares. Weiss Ratings cut shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $289.67.
View Our Latest Stock Analysis on SXI
Standex International Price Performance
Standex International (NYSE:SXI – Get Free Report) last issued its quarterly earnings data 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 $224.59 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 revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that Standex International Corporation will post 8.58 EPS for the current year.
Standex International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, May 8th. Standex International’s payout ratio is 16.57%.
Hedge Funds Weigh In On Standex International
Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Standex International by 13.1% during the 2nd quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 35 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Standex International by 4.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 50 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of Standex International by 2.3% in the first quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock valued at $606,000 after purchasing an additional 54 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings 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 purchasing an additional 68 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Standex International by 132.7% during 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 last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.
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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