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.
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.
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