Standex International (NYSE:SXI) Sets New 12-Month High – Still a Buy?
by Doug Wharley · The Cerbat GemShares of Standex International Corporation (NYSE:SXI – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $271.53 and last traded at $270.30, with a volume of 36367 shares trading hands. The stock had previously closed at $253.77.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. DA Davidson upped their price objective on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Finally, Roth Mkm boosted their target price on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $281.33.
View Our Latest Stock Analysis on Standex International
Standex International Stock Performance
The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.31 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of 3.44 and a beta of 1.11. The business’s 50 day simple moving average is $256.14 and its two-hundred day simple moving average is $240.45.
Standex International (NYSE:SXI – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. The firm had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 EPS. Research analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.
Standex International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, February 13th. Standex International’s dividend payout ratio is 30.49%.
Insider Buying and Selling
In other news, insider Vineet Kshirsagar sold 400 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the sale, the insider directly owned 4,647 shares in the company, valued at $1,208,684.70. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas E. Chorman sold 513 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the sale, the director owned 12,666 shares of the company’s stock, valued at $3,293,160. This trade represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,063 shares of company stock valued at $4,114,860. Company insiders own 2.52% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in Standex International by 94.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 432 shares of the industrial products company’s stock worth $94,000 after buying an additional 210 shares during the period. Corient Private Wealth LLC boosted its holdings in Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company’s stock worth $252,000 after buying an additional 50 shares during the period. MidFirst Bank bought a new position in Standex International in the 4th quarter worth $199,000. Virtu Financial LLC bought a new position in Standex International in the 4th quarter worth $517,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in 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 buying an additional 94,415 shares during the period. 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.