Standex International (NYSE:SXI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Standex International Corporation (NYSE:SXI) passed 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 traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SXI shares. Weiss Ratings lowered Standex International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. DA Davidson restated a “buy” rating and set a $323.00 price objective on shares of Standex International in a report on Monday, May 4th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Up 1.9%

The business has a 50 day moving average of $292.28 and a two-hundred day moving average of $266.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The stock has a market capitalization of $3.82 billion, a PE ratio of 38.45, a PEG ratio of 3.45 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) 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 firm had revenue of $224.59 million for the quarter, compared to analysts’ expectations of $225.16 million. During the same period in the previous year, the company earned $1.95 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that Standex International Corporation will post 8.58 EPS for the current year.

Standex International Dividend Announcement

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 dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.4%. Standex International’s dividend payout ratio is 16.57%.

Institutional Trading of Standex International

Several hedge funds and other institutional investors have recently made changes to their positions in SXI. Cornerstone Planning Group LLC boosted 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 buying an additional 68 shares in the last quarter. UMB Bank n.a. increased its holdings 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 valued at $28,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Standex International in the third quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Standex International during the 1st quarter valued at approximately $29,000. Finally, Simplex Trading LLC acquired a new stake in shares of Standex International during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds 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.