Shares of Standex Int'l Corp. (NYSE:SXI) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $120.50.
A number of brokerages have commented on SXI. TheStreet downgraded Standex Int'l from a “b-” rating to a “c+” rating in a research report on Monday. B. Riley reiterated a “buy” rating and issued a $125.00 price objective on shares of Standex Int'l in a research report on Wednesday, January 31st. CL King began coverage on Standex Int'l in a research report on Wednesday, November 29th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, ValuEngine downgraded Standex Int'l from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Standex Int'l in the 3rd quarter worth approximately $199,000. GSA Capital Partners LLP acquired a new position in shares of Standex Int'l in the 3rd quarter worth approximately $214,000. UBS Asset Management Americas Inc. raised its holdings in shares of Standex Int'l by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,295 shares of the industrial products company’s stock worth $208,000 after buying an additional 45 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Standex Int'l in the 3rd quarter worth approximately $290,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Standex Int'l in the 2nd quarter worth approximately $250,000. 85.09% of the stock is owned by institutional investors and hedge funds.
Shares of Standex Int'l (NYSE SXI) opened at $98.15 on Monday. The company has a quick ratio of 1.54, a current ratio of 2.34 and a debt-to-equity ratio of 0.51. Standex Int'l has a 52-week low of $84.30 and a 52-week high of $110.00. The company has a market capitalization of $1,241.25, a P/E ratio of 37.68 and a beta of 1.53.
Standex Int'l (NYSE:SXI) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.09. Standex Int'l had a return on equity of 14.98% and a net margin of 3.99%. The company had revenue of $209.75 million during the quarter, compared to the consensus estimate of $197.38 million. During the same quarter last year, the company earned $1.03 EPS. The company’s quarterly revenue was up 20.6% on a year-over-year basis. sell-side analysts expect that Standex Int'l will post 5.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.73%. Standex Int'l’s payout ratio is presently 27.80%.
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About Standex Int'l
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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