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.

COPYRIGHT VIOLATION WARNING: “Standex International Corporation (SXI) Lowered to “Hold” at ValuEngine” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.dailypolitical.com/2017/11/13/standex-international-corporation-sxi-lowered-to-hold-at-valuengine.html.

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.

Receive News & Ratings for Standex International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.