Standex International (NYSE:SXI) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Standex International (NYSE:SXI) from a buy rating to a hold rating in a research note published on Tuesday, November 14th.

Several other research analysts have also weighed in on the stock. B. Riley reaffirmed a buy rating on shares of Standex International in a research note on Wednesday, November 1st. Sidoti lowered shares of Standex International from a buy rating to a neutral rating in a research note on Wednesday, October 4th. FBR & Co reaffirmed a buy rating on shares of Standex International in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Standex International from a hold rating to a sell rating in a research note on Saturday, September 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $111.00.

Shares of Standex International (NYSE:SXI) traded down $2.00 on Tuesday, hitting $105.00. 36,556 shares of the company were exchanged, compared to its average volume of 26,854. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.54. The stock has a market capitalization of $1,342.74, a price-to-earnings ratio of 22.15 and a beta of 1.60. Standex International has a 12-month low of $84.30 and a 12-month high of $110.00.

Standex International (NYSE:SXI) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The company had revenue of $214.40 million during the quarter, compared to analyst estimates of $195.63 million. Standex International had a net margin of 5.83% and a return on equity of 15.06%. Standex International’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. equities analysts anticipate that Standex International will post 5.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 9th were paid a $0.18 dividend. This is a positive change from Standex International’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 0.69%. Standex International’s dividend payout ratio (DPR) is presently 19.94%.

In other news, CAO Sean C. Valashinas sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $100.66, for a total value of $60,396.00. Following the completion of the transaction, the chief accounting officer now owns 1,737 shares of the company’s stock, valued at $174,846.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas J. Hansen sold 1,215 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $104.25, for a total transaction of $126,663.75. Following the completion of the transaction, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $460,263.75. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in Standex International in the third quarter valued at approximately $214,000. Wolverine Trading LLC acquired a new stake in Standex International in the third quarter valued at approximately $563,000. Janus Henderson Group PLC raised its holdings in Standex International by 14.5% in the third quarter. Janus Henderson Group PLC now owns 330,831 shares of the industrial products company’s stock valued at $35,134,000 after acquiring an additional 42,009 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in Standex International by 15.8% in the third quarter. Segall Bryant & Hamill LLC now owns 88,787 shares of the industrial products company’s stock valued at $9,429,000 after acquiring an additional 12,082 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its holdings in Standex International by 14.6% in the third quarter. Moody Aldrich Partners LLC now owns 14,279 shares of the industrial products company’s stock valued at $1,516,000 after acquiring an additional 1,814 shares in the last quarter. 86.26% of the stock is currently owned by hedge funds and other institutional investors.

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Standex International Company Profile

Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.

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Analyst Recommendations for Standex International (NYSE:SXI)

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