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

StockNews.com downgraded shares of Standex International (NYSE:SXI) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Several other research firms also recently weighed in on SXI. Benchmark reissued a buy rating and set a $210.00 price objective on shares of Standex International in a report on Friday, August 2nd. Barrington Research reissued an outperform rating and issued a $180.00 price target on shares of Standex International in a research note on Tuesday, May 28th. Finally, DA Davidson lifted their price objective on Standex International from $203.00 to $211.00 and gave the stock a buy rating in a research note on Monday, August 5th.

Standex International Price Performance

Shares of SXI stock traded down $0.83 on Tuesday, hitting $167.90. 62,810 shares of the company’s stock were exchanged, compared to its average volume of 62,752. Standex International has a 12 month low of $130.04 and a 12 month high of $191.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The company has a 50 day moving average of $169.50 and a 200 day moving average of $169.15. The stock has a market cap of $1.99 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.41 and a beta of 1.04.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.04. The company had revenue of $180.19 million for the quarter, compared to analyst estimates of $181.35 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 EPS. On average, equities research analysts predict that Standex International will post 7.84 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. Standex International’s dividend payout ratio is currently 19.42%.

Institutional Investors Weigh In On Standex International

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Standex International by 2.4% in the fourth quarter. Raymond James & Associates now owns 12,661 shares of the industrial products company’s stock valued at $2,005,000 after purchasing an additional 301 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Standex International by 15,740.0% in the 4th quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 787 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Standex International in the fourth quarter worth about $6,089,000. Louisiana State Employees Retirement System purchased a new position in shares of Standex International in the fourth quarter worth about $950,000. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Standex International by 99.2% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 42,532 shares of the industrial products company’s stock valued at $6,736,000 after purchasing an additional 21,182 shares during the period. 90.35% of the stock is owned by institutional investors.

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.