Standex International (NYSE:SXI) Coverage Initiated by Analysts at CL King

CL King began coverage on shares of Standex International (NYSE:SXI) in a report released on Wednesday, November 29th, Marketbeat reports. The brokerage issued a buy rating and a $116.00 price objective on the industrial products company’s stock.

A number of other analysts have also recently commented on SXI. Zacks Investment Research cut Standex International from a hold rating to a sell rating in a research report on Saturday, September 23rd. FBR & Co reissued a buy rating on shares of Standex International in a research note on Monday, October 2nd. Sidoti lowered Standex International from a buy rating to a neutral rating in a research note on Wednesday, October 4th. B. Riley reissued a buy rating on shares of Standex International in a research note on Wednesday, November 1st. Finally, ValuEngine lowered Standex International from a buy rating to a hold rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Standex International presently has a consensus rating of Hold and an average target price of $111.00.

Standex International (SXI) traded down $1.10 during mid-day trading on Wednesday, hitting $101.70. The stock had a trading volume of 58,235 shares, compared to its average volume of 30,145. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.54. Standex International has a 1-year low of $84.30 and a 1-year high of $110.00. The firm has a market capitalization of $1,300.54, a P/E ratio of 21.46 and a beta of 1.60.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Thursday, November 9th were issued a dividend of $0.18 per share. This is an increase from Standex International’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Wednesday, November 8th. Standex International’s dividend payout ratio (DPR) is presently 19.94%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Standex International in the 3rd quarter valued at approximately $214,000. Wolverine Trading LLC bought a new stake in shares of Standex International in the 3rd quarter valued at approximately $563,000. Janus Henderson Group PLC increased its holdings in shares of Standex International by 14.5% in the 3rd 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 during the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Standex International by 15.8% in the 3rd 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 during the last quarter. Finally, Moody Aldrich Partners LLC boosted its position in Standex International by 14.6% during the 3rd quarter. Moody Aldrich Partners LLC now owns 14,279 shares of the industrial products company’s stock valued at $1,516,000 after purchasing an additional 1,814 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Standex International (NYSE:SXI) Coverage Initiated by Analysts at CL King” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/12/10/standex-international-sxi-now-covered-by-cl-king.html.

About Standex International

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.

Analyst Recommendations for Standex International (NYSE:SXI)

Receive News & Ratings for Standex International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply