Standex International (NYSE:SXI) Downgraded by StockNews.com to Hold

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

Several other brokerages also recently weighed in on SXI. Benchmark increased their price target on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Monday.

Standex International Stock Performance

Standex International stock opened at $188.22 on Monday. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. Standex International has a twelve month low of $147.12 and a twelve month high of $212.65. The company’s 50-day moving average price is $193.80 and its 200-day moving average price is $185.52. The company has a market cap of $2.27 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. On average, equities research analysts forecast that Standex International will post 7.84 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. Standex International’s payout ratio is 27.95%.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the transaction, the director now owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. The trade was 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 company insiders.

Institutional Trading of Standex International

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after buying an additional 64 shares during the period. GAMMA Investing LLC boosted its position in shares of Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 72 shares in the last quarter. US Bancorp DE grew its stake in shares of Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 82 shares during the period. Inspire Investing LLC lifted its stake in shares of Standex International by 3.7% in the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 90 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Standex International by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock worth $1,283,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Company Profile

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.