Standex Int'l Corp. (SXI) Given Consensus Recommendation of “Hold” by Brokerages

Standex Int'l Corp. (NYSE:SXI) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $120.50.

A number of research firms have weighed in on SXI. B. Riley reiterated a “buy” rating and set a $125.00 price objective on shares of Standex Int'l in a research note on Wednesday, January 31st. CL King began coverage on Standex Int'l in a research note on Wednesday, November 29th. They set a “buy” rating and a $116.00 price objective for the company. Finally, ValuEngine lowered Standex Int'l from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.

In related news, CAO Sean C. Valashinas sold 600 shares of Standex Int'l stock in a transaction dated 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 transaction, the chief accounting officer now owns 1,737 shares in the company, valued at approximately $174,846.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Wolverine Trading LLC purchased a new position in shares of Standex Int'l in the 3rd quarter valued at about $563,000. Janus Henderson Group PLC increased its stake in Standex Int'l by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 330,831 shares of the industrial products company’s stock worth $35,134,000 after buying an additional 42,009 shares in the last quarter. Rhumbline Advisers increased its stake in Standex Int'l by 26.7% during the 3rd quarter. Rhumbline Advisers now owns 31,961 shares of the industrial products company’s stock worth $3,394,000 after buying an additional 6,732 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Standex Int'l by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 153,763 shares of the industrial products company’s stock worth $16,330,000 after buying an additional 1,001 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Standex Int'l by 5.2% during the 3rd quarter. Legal & General Group Plc now owns 25,733 shares of the industrial products company’s stock worth $2,733,000 after buying an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Shares of Standex Int'l (NYSE:SXI) opened at $96.95 on Monday. The company has a market capitalization of $1,243.77, a PE ratio of 37.43 and a beta of 1.53. Standex Int'l has a 52-week low of $84.30 and a 52-week high of $110.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 2.34.

Standex Int'l (NYSE:SXI) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. The business had revenue of $209.75 million during the quarter, compared to analyst estimates of $197.38 million. Standex Int'l had a return on equity of 14.98% and a net margin of 3.99%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. equities analysts forecast that Standex Int'l will post 5.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.72 annualized dividend and a dividend yield of 0.74%. Standex Int'l’s dividend payout ratio is presently 27.80%.

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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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