Standex Int’l (NYSE:SXI) Rating Increased to Hold at ValuEngine

Standex Int’l (NYSE:SXI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Several other equities analysts have also commented on SXI. Zacks Investment Research lowered shares of Standex Int’l from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. William Blair reissued a “market perform” rating on shares of Standex Int’l in a report on Wednesday, May 1st.

Shares of SXI stock traded down $1.85 on Thursday, hitting $66.50. 61,169 shares of the company’s stock traded hands, compared to its average volume of 67,247. The company has a quick ratio of 2.69, a current ratio of 3.49 and a debt-to-equity ratio of 0.61. Standex Int’l has a one year low of $62.02 and a one year high of $114.20. The firm’s fifty day moving average is $70.43. The stock has a market cap of $890.26 million, a PE ratio of 12.86 and a beta of 1.45.

A number of institutional investors have recently made changes to their positions in SXI. Advisor Group Inc. grew its holdings in Standex Int’l by 32.5% in the 4th quarter. Advisor Group Inc. now owns 689 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 169 shares during the last quarter. Huntington National Bank grew its holdings in Standex Int’l by 36.9% in the 2nd quarter. Huntington National Bank now owns 657 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 177 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Standex Int’l by 15.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,677 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 221 shares during the last quarter. Marshall Wace LLP bought a new stake in Standex Int’l in the 1st quarter worth $145,000. Finally, Diversified Trust Co bought a new stake in Standex Int’l in the 1st quarter worth $200,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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