Research analysts at CL King initiated coverage on shares of Standex International (NYSE:SXI) in a research note issued on Wednesday. The brokerage set a “buy” rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the stock. B. Riley restated a “buy” rating on shares of Standex International in a report on Wednesday, November 1st. ValuEngine downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. FBR & Co reaffirmed a “buy” rating on shares of Standex International in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Standex International from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Finally, Sidoti downgraded shares of Standex International from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $108.50.

Standex International (NYSE SXI) opened at $106.95 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Standex International has a fifty-two week low of $84.30 and a fifty-two week high of $110.00. The company has a market cap of $1,350.00, a P/E ratio of 22.09 and a beta of 1.60.

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

In related news, CAO Sean C. Valashinas sold 600 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $100.66, for a total value of $60,396.00. Following the transaction, the chief accounting officer now directly owns 1,737 shares of the company’s stock, valued at approximately $174,846.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Hansen sold 1,215 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $104.25, for a total transaction of $126,663.75. Following the completion of the transaction, the director now directly owns 4,415 shares in the company, valued at $460,263.75. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

A number of large investors have recently modified their holdings of SXI. Janus Henderson Group PLC acquired a new stake in Standex International during the 2nd quarter worth $26,196,000. Victory Capital Management Inc. lifted its stake in shares of Standex International by 28.5% in the 2nd quarter. Victory Capital Management Inc. now owns 278,539 shares of the industrial products company’s stock worth $25,263,000 after acquiring an additional 61,809 shares during the period. Tygh Capital Management Inc. lifted its stake in shares of Standex International by 60.3% in the 2nd quarter. Tygh Capital Management Inc. now owns 71,984 shares of the industrial products company’s stock worth $6,529,000 after acquiring an additional 27,069 shares during the period. Citadel Advisors LLC lifted its stake in shares of Standex International by 376.2% in the 2nd quarter. Citadel Advisors LLC now owns 22,844 shares of the industrial products company’s stock worth $2,072,000 after acquiring an additional 18,047 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Standex International by 7.7% in the 2nd quarter. Royal Bank of Canada now owns 248,872 shares of the industrial products company’s stock worth $22,572,000 after acquiring an additional 17,824 shares during the period. Hedge funds and other institutional investors own 86.26% of the company’s stock.

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Standex International 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.

Analyst Recommendations for Standex International (NYSE:SXI)

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