Standex International (NYSE:SXI) Earns Outperform Rating from Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $260.00 target price on the industrial products company’s stock. Barrington Research’s target price indicates a potential upside of 6.40% from the stock’s previous close.

Several other research analysts have also commented on SXI. Roth Mkm lifted their price target on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. DA Davidson reaffirmed a “buy” rating and issued a $272.00 target price on shares of Standex International in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Standex International has an average rating of “Moderate Buy” and a consensus price target of $264.00.

Standex International Trading Down 1.1%

NYSE SXI opened at $244.35 on Monday. Standex International has a 12 month low of $128.85 and a 12 month high of $253.14. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 56.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.87 and a quick ratio of 2.07. The firm’s fifty day moving average price is $236.13 and its 200 day moving average price is $217.39.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The company had revenue of $217.43 million for the quarter, compared to analyst estimates of $215.96 million. During the same quarter last year, the company posted $1.84 earnings per share. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, sell-side analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $223.31, for a total transaction of $223,310.00. Following the transaction, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 1,823 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total value of $419,508.76. Following the transaction, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. This trade represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,473 shares of company stock valued at $794,509. 2.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of SXI. Nisa Investment Advisors LLC increased its holdings in shares of Standex International by 6.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 44 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Standex International by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company’s stock worth $378,000 after buying an additional 66 shares during the period. SG Americas Securities LLC increased its holdings in Standex International by 3.5% in the second quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company’s stock valued at $312,000 after buying an additional 68 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Standex International by 2.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company’s stock valued at $555,000 after acquiring an additional 76 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Standex International by 52.6% during the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds 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.