Standex International (NYSE:SXI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Standex International (NYSE:SXI) from a buy rating to a hold rating in a report released on Monday.

A number of other research firms have also weighed in on SXI. Benchmark upped their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Monday.

Standex International Trading Up 1.6 %

NYSE SXI opened at $194.89 on Monday. Standex International has a 52 week low of $149.11 and a 52 week high of $212.65. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $193.19 and a 200-day moving average price of $185.65. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 2.59 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. As a group, equities analysts expect that Standex International will post 7.84 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 1,600 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, the director now directly owns 11,431 shares in the company, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Standex International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SXI. Copeland Capital Management LLC increased its holdings in shares of Standex International by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after purchasing an additional 4,281 shares in the last quarter. State Street Corp grew its stake in shares of Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after buying an additional 23,786 shares during the period. Wasatch Advisors LP grew its stake in Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after buying an additional 90,770 shares during the period. Geode Capital Management LLC boosted its holdings in Standex International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after acquiring an additional 9,119 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after acquiring an additional 3,844 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.