Standex International (NYSE:SXI) Receives Buy Rating from DA Davidson

Standex International (NYSE:SXI)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a research note issued on Monday,Benzinga reports. They presently have a $323.00 price objective on the industrial products company’s stock. DA Davidson’s price target points to a potential upside of 29.37% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Monday, April 20th. Barrington Research reissued an “outperform” rating and set a $260.00 target price on shares of Standex International in a research report on Monday, March 9th. Roth Mkm increased their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $289.67.

Standex International Stock Up 0.4%

Shares of NYSE SXI traded up $1.04 during mid-day trading on Monday, reaching $249.67. The company had a trading volume of 66,828 shares, compared to its average volume of 177,375. Standex International has a twelve month low of $144.62 and a twelve month high of $284.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The stock has a market capitalization of $3.03 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 3.17 and a beta of 1.09. The stock’s 50 day moving average is $261.63 and its 200-day moving average is $247.00.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a return on equity of 14.62% and a net margin of 11.18%.The company had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. During the same period last year, the company posted $1.95 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Standex International will post 8.72 earnings per share for the current fiscal year.

Insider Activity

In other Standex International news, Director Thomas E. Chorman sold 513 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director directly owned 12,666 shares in the company, valued at $3,293,160. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $104,040.00. Following the completion of the sale, the insider owned 4,647 shares of the company’s stock, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,063 shares of company stock valued at $4,114,860 over the last three months. 2.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Standex International

Several hedge funds have recently made changes to their positions in SXI. Wasatch Advisors LP lifted its stake in shares of Standex International by 61.3% in the fourth quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after buying an additional 520,506 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Standex International by 73.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after buying an additional 94,415 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Standex International in the third quarter valued at about $19,763,000. Kennedy Capital Management LLC bought a new stake in shares of Standex International in the third quarter valued at about $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Standex International by 23.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after buying an additional 74,599 shares during the period. 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.