Standex International (NYSE:SXI) Upgraded to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Standex International (NYSE:SXIFree Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday. Roth Mkm raised their price target on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Thursday, November 20th. Finally, DA Davidson reiterated a “buy” rating and issued a $272.00 price objective on shares of Standex International in a research report on Monday, November 24th. Four 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.00.

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Standex International Stock Down 2.3%

SXI stock opened at $242.14 on Friday. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $235.46 and its 200 day moving average price is $215.90. Standex International has a 52 week low of $128.85 and a 52 week high of $253.14. The company has a market cap of $2.93 billion, a P/E ratio of 55.54 and a beta of 1.12.

Standex International (NYSE:SXIGet Free Report) last posted its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $217.43 million during the quarter, compared to the consensus estimate of $215.96 million. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. On average, research analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, February 13th. Standex International’s dividend payout ratio (DPR) is currently 31.19%.

Insider Activity

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total value of $223,310.00. Following the completion of the sale, the director directly owned 13,229 shares of the company’s stock, valued at approximately $2,954,167.99. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vineet Kshirsagar sold 650 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total value of $151,690.50. Following the completion of the transaction, the insider owned 5,047 shares of the company’s stock, valued at $1,177,818.39. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,473 shares of company stock valued at $794,509 over the last 90 days. Insiders own 2.52% of the company’s stock.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Consulate Inc. acquired a new position in Standex International in the third quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Standex International in the 3rd quarter valued at about $28,000. AlphaQuest LLC grew its holdings in Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after buying an additional 83 shares during the period. Huntington National Bank increased its stake in shares of Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 82 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

About Standex International

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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.

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