Key Points
- Insider purchase: Standex International VP Max Arets bought 45 shares at an average price of $273.96, investing $12,328.20 and increasing his direct holdings by 2.82% to 1,641 shares.
- Strong quarterly results: Standex reported quarterly earnings of $2.45 per share, beating estimates by $0.10, while revenue rose 2.8% year over year to $228.25 million.
- Positive analyst sentiment: The stock has a “Moderate Buy” consensus rating, with four Buy ratings and one Hold rating and an average price target of $298.67; institutional investors own 90.35% of shares.
Standex International Corporation (NYSE:SXI - Get Free Report) VP Max Arets bought 45 shares of Standex International stock in a transaction dated Friday, September 4th. The stock was purchased at an average price of $273.96 per share, for a total transaction of $12,328.20. Following the purchase, the vice president directly owned 1,641 shares in the company, valued at $449,568.36. This represents a 2.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Standex International Trading Down 0.7%
Shares of SXI stock opened at $269.83 on Thursday. The company has a market capitalization of $3.31 billion, a P/E ratio of 31.12, a P/E/G ratio of 3.03 and a beta of 1.04. Standex International Corporation has a 12-month low of $198.74 and a 12-month high of $363.89. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $306.89 and a 200 day moving average price of $285.59.
Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to analysts' expectations of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 earnings per share. Research analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current fiscal year.
Standex International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 7th. Standex International's payout ratio is presently 15.69%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SXI. Weiss Ratings upgraded Standex International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, September 3rd. DA Davidson restated a "buy" rating and issued a $350.00 target price on shares of Standex International in a research note on Thursday, August 20th. Finally, Zacks Research upgraded shares of Standex International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Standex International presently has a consensus rating of "Moderate Buy" and an average target price of $298.67.
Read Our Latest Research Report on SXI
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SXI. UMB Bank n.a. boosted its position in Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International during the third quarter worth $28,000. Cedar Mountain Advisors LLC bought a new stake in shares of Standex International during the first quarter worth $29,000. Simplex Trading LLC acquired a new position in shares of Standex International during the fourth quarter valued at $35,000. Finally, State of Wyoming bought a new position in Standex International in the first quarter valued at about $37,000. Institutional investors own 90.35% of the company's stock.
Standex International Company Profile
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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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