Standex International Corporation (NYSE:SXI) Given Average Rating of “Hold” by Analysts

Shares of Standex International Corporation (NYSE:SXI) have earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $289.6667.

SXI has been the subject of several recent research reports. Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Monday, April 20th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Zacks Research lowered shares of Standex International from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Roth Mkm boosted their target price on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd.

Insider Buying and Selling at Standex International

In other news, Director Thomas E. Chorman sold 513 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the transaction, the director owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider directly owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. This trade represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,013 shares of company stock worth $4,102,367 over the last 90 days. Insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Standex International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Standex International by 6.8% during the third quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 44 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Standex International by 4.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 50 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Standex International by 2.3% during the first 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. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Standex International by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 66 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Standex International by 144.7% during the fourth 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 during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Up 3.1%

SXI stock opened at $259.44 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. Standex International has a 1-year low of $144.62 and a 1-year high of $284.71. The firm has a fifty day moving average price of $261.67 and a two-hundred day moving average price of $247.19. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.23 and a beta of 1.09.

Standex International (NYSE:SXI) last released its earnings results on Tuesday, May 5th. 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 net margin of 11.18% and a return on equity of 14.62%. During the same quarter in the prior year, the business posted $1.95 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Standex International will post 8.66 EPS for the current year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, May 8th. This represents a $1.36 annualized dividend and a yield of 0.5%. Standex International’s payout ratio is presently 16.57%.

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.