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

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

A number of other equities analysts have also weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Monday. Benchmark upped their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Standex International Stock Performance

Shares of SXI stock opened at $194.89 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. Standex International has a fifty-two week low of $149.11 and a fifty-two week high of $212.65. The stock’s 50-day moving average is $193.19 and its two-hundred day moving average is $185.65. The firm has a market cap of $2.35 billion, a P/E ratio of 42.55, a PEG ratio of 2.59 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (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%. Analysts predict that Standex International will post 7.84 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.66%. Standex International’s payout ratio is 27.95%.

Insider Transactions at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now directly owns 11,431 shares in the company, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the completion of the sale, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Standex International

Hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of Standex International by 183.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after buying an additional 330 shares during the last quarter. Wakefield Asset Management LLLP purchased a new position in Standex International during the fourth quarter worth about $1,008,000. Proficio Capital Partners LLC purchased a new stake in shares of Standex International during the 4th quarter valued at $2,482,000. Oregon Public Employees Retirement Fund raised its holdings in Standex International by 3.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company’s stock valued at $540,000 after buying an additional 100 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new position in Standex International during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

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.