Standex International Corporation (SXI) Lowered to “Hold” at ValuEngine
Standex International Corporation (NYSE:SXI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
A number of other equities research analysts have also recently issued reports on the stock. FBR & Co restated a “buy” rating on shares of Standex International Corporation in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Standex International Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Sidoti cut shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Finally, B. Riley reiterated a “buy” rating on shares of Standex International Corporation in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.50.
Standex International Corporation (NYSE:SXI) opened at $100.95 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. The company has a market cap of $1,297.35, a price-to-earnings ratio of 21.40 and a beta of 1.60. Standex International Corporation has a 1 year low of $84.30 and a 1 year high of $110.00.
Standex International Corporation (NYSE:SXI) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. Standex International Corporation had a net margin of 5.83% and a return on equity of 15.06%. The company had revenue of $214.40 million during the quarter, compared to analysts’ expectations of $195.63 million. During the same period in the prior year, the company earned $1.14 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. equities analysts anticipate that Standex International Corporation will post 5.23 EPS for the current fiscal year.
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In other Standex International Corporation news, Director Gerald H. Fickenscher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total transaction of $189,280.00. Following the completion of the transaction, the director now owns 9,915 shares in the company, valued at $938,355.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,215 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $104.25, for a total transaction of $126,663.75. Following the transaction, the director now owns 4,415 shares of the company’s stock, valued at approximately $460,263.75. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Standex International Corporation by 95,699.3% during the first quarter. BlackRock Inc. now owns 1,528,957 shares of the industrial products company’s stock worth $153,126,000 after purchasing an additional 1,527,361 shares during the period. Vanguard Group Inc. lifted its stake in Standex International Corporation by 5.4% during the first quarter. Vanguard Group Inc. now owns 1,157,681 shares of the industrial products company’s stock worth $115,941,000 after purchasing an additional 59,348 shares during the period. Northern Trust Corp lifted its stake in Standex International Corporation by 2.5% during the second quarter. Northern Trust Corp now owns 428,011 shares of the industrial products company’s stock worth $38,821,000 after purchasing an additional 10,484 shares during the period. State Street Corp lifted its stake in Standex International Corporation by 3.5% during the second quarter. State Street Corp now owns 302,261 shares of the industrial products company’s stock worth $27,414,000 after purchasing an additional 10,163 shares during the period. Finally, Janus Henderson Group PLC bought a new position in Standex International Corporation during the second quarter worth about $26,196,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.
Standex International Corporation Company Profile
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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