Standex International (NYSE:SXI) Sets New 1-Year High – Should You Buy?

Standex International Corporation (NYSE:SXI)’s share price hit a new 52-week high on Monday . The stock traded as high as $319.95 and last traded at $315.9040, with a volume of 5883 shares trading hands. The stock had previously closed at $315.17.

Analyst Ratings Changes

Several research firms recently issued reports on SXI. DA Davidson reissued a “buy” rating and issued a $323.00 price target on shares of Standex International in a research report on Monday, May 4th. Weiss Ratings raised Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $289.67.

Standex International Trading Down 1.6%

The company has a market cap of $3.82 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 4.15 and a beta of 1.08. The company’s fifty day moving average price is $277.46 and its two-hundred day moving average price is $257.96. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.

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 analysts’ consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.59 million during the quarter, compared to the consensus estimate of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 EPS. Research analysts expect 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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. Standex International’s payout ratio is currently 16.57%.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Standex International by 110.7% during the 1st quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock worth $7,263,000 after buying an additional 23,643 shares in the last quarter. AQR Capital Management LLC increased its position in Standex International by 13.7% in the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock valued at $851,000 after acquiring an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Standex International by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after acquiring an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Standex International by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock worth $6,474,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Standex International by 902.1% during the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock worth $5,919,000 after purchasing an additional 33,016 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.