Standex International (NYSE:SXI) Reaches New 12-Month High – Still a Buy?

Shares of Standex International Corporation (NYSE:SXI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $298.59 and last traded at $296.6520, with a volume of 20139 shares trading hands. The stock had previously closed at $290.45.

Analysts Set New Price Targets

SXI has been the subject of a number of research analyst reports. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday, May 4th. Barrington Research restated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Finally, Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Four equities 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, Standex International currently has an average rating of “Moderate Buy” and an average target price of $289.67.

Standex International Stock Up 0.1%

The business has a 50-day moving average of $267.88 and a 200 day moving average of $253.06. The company has a market capitalization of $3.56 billion, a PE ratio of 35.85, a P/E/G ratio of 3.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23.

Standex International (NYSE:SXI) last released its quarterly 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 firm had revenue of $224.60 million for 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 business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. Equities research analysts predict that Standex International Corporation will post 8.58 earnings per share for the current year.

Standex International Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 8th. Standex International’s dividend payout ratio (DPR) is presently 16.57%.

Institutional Trading of Standex International

Hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP increased its stake in Standex International by 61.3% in the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock worth $297,643,000 after buying an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Standex International by 23.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after purchasing an additional 74,599 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Standex International by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company’s stock worth $61,195,000 after purchasing an additional 798 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Standex International by 73.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock worth $48,580,000 after purchasing an additional 94,415 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Standex International by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock valued at $43,992,000 after purchasing an additional 6,092 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.