Standex Int'l Corp. (SXI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Standex Int'l Corp. (NYSE:SXI) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $116.00.

A number of research firms recently weighed in on SXI. CL King began coverage on shares of Standex Int'l in a report on Wednesday, November 29th. They issued a “buy” rating and a $116.00 target price for the company. ValuEngine lowered shares of Standex Int'l from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Sidoti lowered shares of Standex Int'l from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Standex Int'l from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, FBR & Co reissued a “buy” rating on shares of Standex Int'l in a report on Monday, October 2nd.

Standex Int'l (NYSE SXI) opened at $103.90 on Thursday. Standex Int'l has a fifty-two week low of $84.30 and a fifty-two week high of $110.00. 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 firm has a market cap of $1,336.99, a price-to-earnings ratio of 28.78 and a beta of 1.61.

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

In related news, CAO Sean C. Valashinas sold 600 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $100.66, for a total value of $60,396.00. Following the completion of the sale, the chief accounting officer now directly owns 1,737 shares in the company, valued at $174,846.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Hansen sold 1,215 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 4,415 shares of the company’s stock, valued at $460,263.75. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. lifted its position in Standex Int'l by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,680 shares of the industrial products company’s stock worth $152,000 after buying an additional 17 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Standex Int'l by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock worth $208,000 after buying an additional 45 shares during the last quarter. Teachers Advisors LLC lifted its position in Standex Int'l by 1.4% in the second quarter. Teachers Advisors LLC now owns 23,193 shares of the industrial products company’s stock worth $2,104,000 after buying an additional 315 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Standex Int'l by 1.5% in the second quarter. Parametric Portfolio Associates LLC now owns 24,088 shares of the industrial products company’s stock worth $2,185,000 after buying an additional 362 shares during the last quarter. Finally, American International Group Inc. lifted its position in Standex Int'l by 5.8% in the third quarter. American International Group Inc. now owns 10,007 shares of the industrial products company’s stock worth $1,063,000 after buying an additional 545 shares during the last quarter. Institutional investors own 86.21% of the company’s stock.

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About Standex Int'l

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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