Key Points
- Director Andy Nemeth bought 2,000 shares on Feb. 4 at $245.00 each for $490,000, raising his stake 30.13% to 8,639 shares valued at roughly $2.12 million (SEC filing).
- Standex beat estimates with $2.08 EPS (vs. $2.00 expected) and $221.3M revenue (up 16.6% YoY) in its most recent quarter, and declared a $0.34 quarterly dividend ($1.36 annual, ~0.6% yield).
- Analysts show a consensus "Moderate Buy" (four Buys, one Hold) with a $281.33 target, while the stock trades at a ~54.3 PE and a $2.93 billion market cap.
Standex International Corporation (NYSE:SXI - Get Free Report) Director Andy Nemeth bought 2,000 shares of Standex International stock in a transaction on Wednesday, February 4th. The shares were bought at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the acquisition, the director owned 8,639 shares of the company's stock, valued at approximately $2,116,555. The trade was a 30.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Standex International Stock Performance
Shares of SXI stock opened at $242.15 on Thursday. Standex International Corporation has a one year low of $128.85 and a one year high of $263.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The stock has a market cap of $2.93 billion, a PE ratio of 54.29 and a beta of 1.13. The stock has a 50-day moving average of $237.45 and a 200-day moving average of $220.62.
Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.08. The company had revenue of $221.32 million during the quarter, compared to analyst estimates of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm's revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 EPS. As a group, sell-side analysts expect that Standex International Corporation will post 7.9 earnings per share for the current year.
Standex International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.34 dividend. 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 30.49%.
Analyst Ratings Changes
SXI has been the topic of a number of research reports. Barrington Research reaffirmed an "outperform" rating and issued a $260.00 price target on shares of Standex International in a research note on Monday. Roth Mkm upped their price objective on Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a research report on Tuesday. DA Davidson increased their price objective on Standex International from $272.00 to $298.00 and gave the stock a "buy" rating in a report on Monday. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Standex International in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Standex International currently has an average rating of "Moderate Buy" and a consensus target price of $281.33.
Check Out Our Latest Research Report on SXI
Hedge Funds Weigh In On Standex International
Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in Standex International by 3.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,767 shares of the industrial products company's stock valued at $601,000 after acquiring an additional 95 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Standex International by 7.9% in the 4th quarter. Benjamin Edwards Inc. now owns 3,906 shares of the industrial products company's stock valued at $849,000 after purchasing an additional 285 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock worth $25,000 after purchasing an additional 68 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Standex International during the fourth quarter worth about $2,843,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Standex International during the fourth quarter worth approximately $188,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Standex International Company Profile
(
Get Free Report)
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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