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

Standex International (NYSE:SXI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also recently commented on SXI. Benchmark increased their price target on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Monday.

Standex International Stock Performance

SXI opened at $191.79 on Monday. The business’s 50-day simple moving average is $193.45 and its 200 day simple moving average is $185.59. Standex International has a 52-week low of $147.12 and a 52-week high of $212.65. 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 firm has a market capitalization of $2.32 billion, a PE ratio of 41.88, 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 analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.40% and a net margin of 7.59%. As a group, sell-side analysts expect that Standex International will post 7.84 earnings per share for the current fiscal year.

Insider Transactions at Standex International

In related news, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction dated Wednesday, November 20th. The stock was 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 owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Walleye Capital LLC acquired a new position in Standex International in the third quarter valued at about $250,000. Millennium Management LLC acquired a new position in shares of Standex International in the 2nd quarter valued at approximately $4,299,000. State Street Corp raised its position in shares of Standex International by 5.1% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after acquiring an additional 3,844 shares in the last quarter. Finally, Copeland Capital Management LLC increased its stake in Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after acquiring an additional 4,281 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

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.