Standex International (NYSE:SXI) Stock Price Expected to Rise, DA Davidson Analyst Says

Standex International (NYSE:SXI) had its target price upped by research analysts at DA Davidson from $272.00 to $298.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price objective suggests a potential upside of 19.72% from the stock’s previous close.

SXI has been the topic of a number of other reports. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Monday, January 26th. Roth Mkm upped their price objective on shares of Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Sunday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.33.

Standex International Price Performance

Shares of NYSE SXI opened at $248.92 on Monday. The stock’s 50-day simple moving average is $237.48 and its 200-day simple moving average is $220.47. The firm has a market capitalization of $3.02 billion, a PE ratio of 55.81 and a beta of 1.13. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $263.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87.

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

Insider Transactions at Standex International

In related news, Director Thomas E. Chorman sold 1,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,954,167.99. The trade was a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SXI. Wasatch Advisors LP increased its holdings in shares of Standex International by 62.4% in the second quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock valued at $135,642,000 after purchasing an additional 332,941 shares during the period. Champlain Investment Partners LLC grew its position in Standex International by 2.1% in the 2nd quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock valued at $94,372,000 after buying an additional 12,544 shares during the last quarter. Geode Capital Management LLC increased its stake in Standex International by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock valued at $44,877,000 after buying an additional 7,522 shares during the period. Allspring Global Investments Holdings LLC raised its position in Standex International by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock worth $51,778,000 after buying an additional 4,621 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Standex International by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company’s stock worth $43,992,000 after acquiring an additional 6,092 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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.