Standex International (NYSE:SXI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Standex International Corporation (NYSE:SXI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $242.73 and traded as high as $271.89. Standex International shares last traded at $270.0650, with a volume of 176,310 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on SXI. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Barrington Research restated an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Finally, DA Davidson raised their price target on shares of Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $281.33.

Standex International Price Performance

The stock has a market capitalization of $3.38 billion, a P/E ratio of 62.58, a price-to-earnings-growth ratio of 3.43 and a beta of 1.11. The business’s 50 day simple moving average is $259.23 and its two-hundred day simple moving average is $243.23. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same period last year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 13th. Standex International’s dividend payout ratio (DPR) is 30.49%.

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $255.94, for a total value of $3,839,100.00. Following the transaction, the chief executive officer directly owned 88,973 shares of the company’s stock, valued at approximately $22,771,749.62. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the transaction, the director directly owned 12,666 shares in the company, valued at $3,293,160. The trade was a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,063 shares of company stock valued at $4,114,860 over the last ninety days. 2.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Standex International

Hedge funds have recently added to or reduced their stakes in the stock. Financial Consulate Inc. bought a new stake in Standex International in the third quarter worth about $25,000. Cornerstone Planning Group LLC raised its position in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 68 shares during the period. UMB Bank n.a. raised its position in Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Standex International in the third quarter worth about $28,000. Finally, Simplex Trading LLC bought a new stake in Standex International in the fourth quarter worth about $35,000. 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.