Standex International Corporation (NYSE:SXI – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $344.30 and last traded at $336.40, with a volume of 584516 shares changing hands. The stock had previously closed at $340.50.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Weiss Ratings cut Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday, March 9th. DA Davidson restated a “buy” rating and issued a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.67.
Check Out Our Latest Report on SXI
Standex International Stock Performance
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). The company had revenue of $224.59 million during the quarter, compared to the consensus estimate of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.Standex International’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 EPS. Equities analysts forecast that Standex International Corporation will post 8.58 EPS for the current year.
Standex International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International’s payout ratio is presently 16.57%.
Hedge Funds Weigh In On Standex International
Several institutional investors have recently made changes to their positions in SXI. Corient Private Wealth LLC grew its stake in Standex International by 4.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after buying an additional 50 shares during the last quarter. Personal CFO Solutions LLC increased its position in Standex International by 2.3% in the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company’s stock valued at $606,000 after acquiring an additional 54 shares during the period. Cornerstone Planning Group LLC raised its stake in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. UMB Bank n.a. raised its stake in Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Finally, Huntington National Bank boosted its position in Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 82 shares during the period. 90.35% of the stock is owned by 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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