Standex International (NYSE:SXI) Lowered to "Hold" Rating by StockNews.com

StockNews.com lowered shares of Standex International (NYSE:SXI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Monday.

A number of other equities analysts also recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price target on shares of Standex International in a report on Monday. Benchmark increased their target price on shares of 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 Down 0.3 %

Shares of SXI traded down $0.51 during mid-day trading on Monday, hitting $192.41. 59,298 shares of the company's stock were exchanged, compared to its average volume of 57,151. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 42.01, a P/E/G ratio of 2.59 and a beta of 1.06. The stock's 50-day moving average is $192.90 and its 200-day moving average is $185.70. Standex International has a fifty-two week low of $151.40 and a fifty-two week high of $212.65.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating 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, sell-side analysts anticipate that Standex International will post 7.84 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.67%. Standex International's dividend payout ratio (DPR) is 27.95%.

Insider Activity

In related news, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC raised its position in Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock worth $101,670,000 after acquiring an additional 4,281 shares during the last quarter. State Street Corp grew its holdings in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after buying an additional 23,786 shares during the last quarter. Wasatch Advisors LP increased its position in Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company's stock worth $84,092,000 after buying an additional 90,770 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Standex International by 3.0% in the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company's stock worth $56,345,000 after acquiring an additional 9,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Standex International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company's stock valued at $27,842,000 after acquiring an additional 5,012 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.