Standex International (NYSE:SXI) Stock Rating Lowered by Wall Street Zen

Standex International (NYSE:SXI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities research analysts have also issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. DA Davidson reiterated a “buy” rating and issued a $272.00 price objective on shares of Standex International in a report on Monday, November 24th. Finally, Roth Mkm boosted their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $272.67.

Standex International Price Performance

Shares of Standex International stock opened at $246.41 on Friday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 55.25 and a beta of 1.13. The business has a 50 day simple moving average of $237.36 and a two-hundred day simple moving average of $219.82. Standex International has a 12 month low of $128.85 and a 12 month high of $263.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same period in the previous year, the company posted $1.91 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. As a group, analysts predict that Standex International will post 7.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Vineet Kshirsagar sold 650 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $233.37, for a total value of $151,690.50. Following the transaction, the insider owned 5,047 shares of the company’s stock, valued at $1,177,818.39. This represents a 11.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas E. Chorman sold 1,000 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the transaction, the director owned 13,229 shares of the company’s stock, valued at approximately $2,954,167.99. This represents a 7.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Financial Consulate Inc. purchased a new stake in shares of Standex International in the 3rd quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its holdings in Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Standex International in the third quarter valued at approximately $28,000. AlphaQuest LLC lifted its stake in Standex International by 72.8% during the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Company Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.