Standex International (NYSE:SXI) Reaches New 12-Month High – Here’s What Happened

Standex International Corporation (NYSE:SXI)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $344.30 and last traded at $336.40, with a volume of 584516 shares traded. The stock had previously closed at $340.50.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SXI. Weiss Ratings cut shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Barrington Research reiterated an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Standex International presently has a consensus rating of “Moderate Buy” and an average target price of $289.67.

Standex International Trading Down 0.4%

The company’s 50-day moving average price is $281.20 and its 200-day moving average price is $259.90. The firm has a market capitalization of $4.11 billion, a PE ratio of 41.47, a PEG ratio of 4.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05.

Standex International (NYSE:SXI) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The business had revenue of $224.59 million during the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. On average, sell-side analysts expect that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, May 8th. Standex International’s dividend payout ratio is currently 16.57%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new position in shares of Standex International during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its holdings in Standex International by 144.7% during 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. grew its stake in shares of Standex International by 132.7% during the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International in the third quarter valued at about $28,000. Finally, State of Wyoming purchased a new stake in Standex International during the first quarter worth about $37,000. 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.