Barrington Research Reiterates “Outperform” Rating for Standex International (NYSE:SXI)

Standex International (NYSE:SXI)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a report issued on Monday,Benzinga reports. They presently have a $260.00 price target on the industrial products company’s stock. Barrington Research’s price target indicates a potential upside of 2.02% from the company’s previous close.

Other research analysts also recently issued research reports about the company. DA Davidson raised their price target on Standex International from $272.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Roth Mkm increased their price objective on Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Stock Performance

SXI traded up $3.96 on Monday, reaching $254.85. The company had a trading volume of 85,909 shares, compared to its average volume of 149,527. Standex International has a 1 year low of $128.85 and a 1 year high of $270.87. The stock has a market capitalization of $3.09 billion, a PE ratio of 57.14 and a beta of 1.09. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $246.99 and a 200-day moving average price of $232.26.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The company had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. During the same quarter last year, the company posted $1.91 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that Standex International will post 7.9 EPS for the current fiscal year.

Insider Activity at Standex International

In other news, insider Vineet Kshirsagar sold 400 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the transaction, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andy L. Nemeth acquired 2,000 shares of Standex International stock in a transaction that occurred on Wednesday, February 4th. The stock was bought at an average price of $245.00 per share, with a total value of $490,000.00. Following the purchase, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This trade represents a 30.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 16,013 shares of company stock valued at $4,101,963. Company insiders own 2.52% of the company’s stock.

Institutional Investors Weigh In On Standex International

Several institutional investors have recently modified their holdings of SXI. Financial Consulate Inc. acquired a new stake in shares of Standex International in the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its holdings in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 68 shares during the last quarter. UMB Bank n.a. boosted its position in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Standex International during the third quarter worth $28,000. Finally, Simplex Trading LLC acquired a new stake in Standex International in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

About Standex International

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.