Standex Int’l’s (SXI) “Market Perform” Rating Reaffirmed at William Blair

Standex Int’l (NYSE:SXI)‘s stock had its “market perform” rating reissued by research analysts at William Blair in a report released on Tuesday.

Several other research analysts have also issued reports on SXI. Zacks Investment Research raised shares of Standex Int’l from a “sell” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Wednesday, October 31st. TheStreet lowered shares of Standex Int’l from a “b” rating to a “c+” rating in a research report on Monday, October 29th. Finally, ValuEngine lowered shares of Standex Int’l from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Standex Int’l currently has a consensus rating of “Hold” and a consensus target price of $106.50.

NYSE SXI opened at $80.02 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.74 and a quick ratio of 1.97. Standex Int’l has a twelve month low of $76.00 and a twelve month high of $114.20. The stock has a market capitalization of $1.02 billion, a P/E ratio of 15.48 and a beta of 1.69.

Standex Int’l (NYSE:SXI) last released its earnings results on Monday, October 29th. The industrial products company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.22). Standex Int’l had a net margin of 4.54% and a return on equity of 14.52%. The company had revenue of $193.08 million during the quarter, compared to the consensus estimate of $226.20 million. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Standex Int’l will post 5.6 earnings per share for the current year.

In other news, VP Thomas D. Debyle sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $110.10, for a total transaction of $220,200.00. Following the completion of the sale, the vice president now owns 65,343 shares of the company’s stock, valued at $7,194,264.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.64% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Standex Int’l by 10.2% during the second quarter. BlackRock Inc. now owns 1,847,731 shares of the industrial products company’s stock worth $188,837,000 after buying an additional 170,292 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Standex Int’l by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,287,813 shares of the industrial products company’s stock valued at $134,255,000 after purchasing an additional 28,378 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Standex Int’l by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 602,825 shares of the industrial products company’s stock valued at $61,609,000 after purchasing an additional 6,763 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Standex Int’l by 4.8% in the second quarter. Janus Henderson Group PLC now owns 443,262 shares of the industrial products company’s stock valued at $45,301,000 after purchasing an additional 20,373 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Standex Int’l by 2.1% in the second quarter. FMR LLC now owns 387,800 shares of the industrial products company’s stock valued at $39,633,000 after purchasing an additional 8,100 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

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.

Featured Story: What are the Benefits of Index Funds?

Receive News & Ratings for Standex Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex Int'l and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit