Standex International’s (SXI) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Standex International (NYSE:SXI) in a research note published on Monday,Benzinga reports. The firm currently has a $260.00 target price on the industrial products company’s stock.

Several other equities research analysts have also weighed in on SXI. Wall Street Zen upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. Roth Mkm upped their target price on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday, November 3rd. DA Davidson reissued a “buy” rating and issued a $272.00 price target on shares of Standex International in a report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.00.

Standex International Price Performance

Shares of SXI opened at $242.26 on Monday. Standex International has a 52 week low of $128.85 and a 52 week high of $253.14. 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 firm has a market cap of $2.94 billion, a price-to-earnings ratio of 55.56 and a beta of 1.12. The stock has a 50 day moving average of $236.43 and a 200-day moving average of $217.56.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The firm had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $215.96 million. During the same period last year, the business posted $1.84 earnings per share. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, analysts forecast that Standex International will post 7.9 EPS for the current year.

Standex International Dividend Announcement

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

Insider Activity at Standex International

In other news, insider Vineet Kshirsagar sold 650 shares of the stock in a transaction on Wednesday, November 5th. The stock was 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 approximately $1,177,818.39. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas E. Chorman sold 1,000 shares of Standex International stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $223.31, for a total transaction of $223,310.00. Following the sale, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. This represents a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,473 shares of company stock worth $794,509 in the last three months. 2.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Standex International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in shares of Standex International by 6.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 44 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Standex International by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 66 shares in the last quarter. SG Americas Securities LLC lifted its position in Standex International by 3.5% in the second quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 68 shares during the period. Maryland State Retirement & Pension System lifted its position in Standex International by 2.2% in the second quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 76 shares during the period. Finally, Huntington National Bank boosted its stake in 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 purchasing an additional 82 shares in the last quarter. 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.