ValuEngine upgraded shares of Standex Int'l (NYSE:SXI) from a hold rating to a buy rating in a research note published on Wednesday morning.
SXI has been the topic of a number of other reports. CL King began coverage on Standex Int'l in a research report on Wednesday, November 29th. They set a buy rating and a $116.00 target price on the stock. B. Riley reaffirmed a buy rating and set a $125.00 target price on shares of Standex Int'l in a research report on Wednesday, January 31st. Finally, TheStreet lowered Standex Int'l from a b- rating to a c+ rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $114.50.
Shares of Standex Int'l (NYSE:SXI) opened at $103.25 on Wednesday. The stock has a market capitalization of $1,320.00, a price-to-earnings ratio of 27.10 and a beta of 1.55. The company has a current ratio of 2.34, a quick ratio of 1.54 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 business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, February 7th. Standex Int'l’s dividend payout ratio (DPR) is presently 18.90%.
In other news, Director Charles H. Cannon, Jr. sold 5,014 shares of Standex Int'l stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $98.75, for a total transaction of $495,132.50. Following the transaction, the director now owns 21,360 shares in the company, valued at $2,109,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of SXI. Parametric Portfolio Associates LLC grew its holdings in shares of Standex Int'l by 1.5% during the second quarter. Parametric Portfolio Associates LLC now owns 24,088 shares of the industrial products company’s stock valued at $2,185,000 after buying an additional 362 shares in the last quarter. State Street Corp grew its holdings in shares of Standex Int'l by 3.5% during the second quarter. State Street Corp now owns 302,261 shares of the industrial products company’s stock valued at $27,414,000 after buying an additional 10,163 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Standex Int'l during the third quarter valued at $290,000. BNP Paribas Arbitrage SA grew its holdings in shares of Standex Int'l by 61.8% during the third quarter. BNP Paribas Arbitrage SA now owns 6,773 shares of the industrial products company’s stock valued at $719,000 after buying an additional 2,586 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Standex Int'l by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 4,780 shares of the industrial products company’s stock valued at $508,000 after buying an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 86.82% of the company’s stock.
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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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