Standex International Corporation Plans Quarterly Dividend of $0.34 (NYSE:SXI)

Standex International Corporation (NYSE:SXI) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be paid a dividend of 0.34 per share by the industrial products company on Friday, August 21st. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, August 7th.

Standex International has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 14 years. Standex International has a dividend payout ratio of 15.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Standex International to earn $9.96 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.7%.

Standex International Stock Performance

Shares of Standex International stock opened at $308.63 on Friday. Standex International has a 12 month low of $158.63 and a 12 month high of $363.89. The company has a quick ratio of 2.23, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The stock has a market cap of $3.74 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 3.46 and a beta of 1.03. The business has a fifty day simple moving average of $300.33 and a 200-day simple moving average of $271.86.

Standex International (NYSE:SXI) last announced its quarterly earnings data 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 business had revenue of $224.59 million during the quarter, compared to analysts’ expectations of $225.16 million. During the same period in the prior year, the company posted $1.95 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that Standex International will post 8.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SXI shares. Weiss Ratings raised shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 16th. DA Davidson reissued a “buy” rating and set a $323.00 target price on shares of Standex International in a research note on Monday, May 4th. Finally, Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.67.

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.