A number of other equities analysts also recently weighed in on SXI. Zacks Investment Research downgraded shares of Standex Int’l from a hold rating to a strong sell rating in a report on Tuesday, May 7th. William Blair reiterated a market perform rating on shares of Standex Int’l in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. Standex Int’l presently has an average rating of Hold and a consensus price target of $106.50.
Shares of NYSE SXI traded down $1.23 during midday trading on Monday, reaching $70.00. The company’s stock had a trading volume of 16,627 shares, compared to its average volume of 80,983. 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 fifty-two week low of $62.02 and a fifty-two week high of $114.20. The company has a market capitalization of $909.87 million, a PE ratio of 13.54 and a beta of 1.61.
Standex Int’l (NYSE:SXI) last posted its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.43). Standex Int’l had a net margin of 8.41% and a return on equity of 12.28%. The business had revenue of $193.80 million during the quarter, compared to analyst estimates of $201.16 million. During the same quarter last year, the business earned $1.11 earnings per share. Standex Int’l’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Standex Int’l will post 4.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. Standex Int’l’s dividend payout ratio is currently 15.47%.
Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in shares of Standex Int’l by 134.8% in the third quarter. Renaissance Technologies LLC now owns 16,908 shares of the industrial products company’s stock valued at $1,763,000 after acquiring an additional 9,708 shares during the period. Legal & General Group Plc boosted its position in shares of Standex Int’l by 7.5% in the third quarter. Legal & General Group Plc now owns 29,998 shares of the industrial products company’s stock valued at $3,129,000 after acquiring an additional 2,096 shares during the period. Vanguard Group Inc. boosted its position 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 acquiring an additional 28,378 shares during the period. Arizona State Retirement System boosted its position in shares of Standex Int’l by 6.2% in the fourth quarter. Arizona State Retirement System now owns 19,757 shares of the industrial products company’s stock valued at $1,327,000 after acquiring an additional 1,151 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Standex Int’l by 138.3% in the fourth quarter. First Manhattan Co. now owns 3,575 shares of the industrial products company’s stock valued at $240,000 after acquiring an additional 2,075 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.
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.
Further Reading: Oversold
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