Standex Int’l Corp. (NYSE:SXI) has been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $76.00.
Several analysts have recently issued reports on the company. Barrington Research reaffirmed a “buy” rating and set a $77.00 price objective on shares of Standex Int’l in a report on Monday, July 20th. Zacks Investment Research cut Standex Int’l from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. ValuEngine raised Standex Int’l from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Sidoti upped their price objective on Standex Int’l from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th.
A number of large investors have recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC raised its holdings in Standex Int’l by 34.6% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 719,813 shares of the industrial products company’s stock valued at $41,425,000 after buying an additional 185,192 shares during the period. State Street Corp increased its stake in Standex Int’l by 9.8% in the first quarter. State Street Corp now owns 433,063 shares of the industrial products company’s stock worth $21,229,000 after purchasing an additional 38,617 shares during the period. FMR LLC increased its stake in Standex Int’l by 11.0% in the first quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock worth $30,926,000 after purchasing an additional 41,723 shares during the period. Copeland Capital Management LLC increased its stake in Standex Int’l by 27.5% in the second quarter. Copeland Capital Management LLC now owns 351,400 shares of the industrial products company’s stock worth $20,223,000 after purchasing an additional 75,689 shares during the period. Finally, Wellington Management Group LLP increased its stake in Standex Int’l by 7.7% in the first quarter. Wellington Management Group LLP now owns 220,960 shares of the industrial products company’s stock worth $10,831,000 after purchasing an additional 15,883 shares during the period. Institutional investors own 88.38% of the company’s stock.
Shares of SXI traded up $0.05 during mid-day trading on Friday, hitting $58.61. 789 shares of the stock were exchanged, compared to its average volume of 46,825. The company has a market cap of $722.48 million, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34. Standex Int’l has a 52-week low of $37.50 and a 52-week high of $81.69. The firm has a 50-day moving average of $56.52 and a two-hundred day moving average of $55.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.63.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Thursday, August 6th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.88 annualized dividend and a yield of 1.50%. Standex Int’l’s payout ratio is presently 21.84%.
About Standex Int’l
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.
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