Roth Mkm Forecasts Strong Price Appreciation for Standex International (NYSE:SXI) Stock

Standex International (NYSE:SXI) had its price target boosted by analysts at Roth Mkm from $260.00 to $286.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Mkm’s target price indicates a potential upside of 18.11% from the stock’s current price.

SXI has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a research report on Monday. DA Davidson lifted 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. Finally, Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $281.33.

Standex International Price Performance

Shares of NYSE SXI opened at $242.15 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.87 and a debt-to-equity ratio of 0.76. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $263.00. The business has a 50 day moving average price of $237.45 and a two-hundred day moving average price of $220.62. The firm has a market cap of $2.93 billion, a PE ratio of 54.29 and a beta of 1.13.

Standex International (NYSE:SXI) last announced its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating 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 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 company posted $1.91 EPS. Standex International’s quarterly revenue was up 16.6% on a year-over-year basis. Sell-side analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Insider Activity at Standex International

In other Standex International news, Director Thomas E. Chorman sold 1,000 shares of the firm’s 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 sale, the director directly owned 13,229 shares in the company, valued at approximately $2,954,167.99. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy L. Nemeth purchased 2,000 shares of Standex International stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average cost of $245.00 per share, with a total value of $490,000.00. Following the acquisition, the director owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. This trade represents a 30.13% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Several hedge funds have recently bought and sold shares of the company. Advantage Alpha Capital Partners LP raised its stake in shares of Standex International by 27.1% during the second quarter. Advantage Alpha Capital Partners LP now owns 27,516 shares of the industrial products company’s stock valued at $4,306,000 after purchasing an additional 5,863 shares in the last quarter. 1ST Source Bank acquired a new position in Standex International during the 2nd quarter valued at about $411,000. Inspire Investing LLC raised its position in shares of Standex International by 21.8% during the 2nd quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock worth $474,000 after buying an additional 541 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Standex International by 17.9% in the 3rd quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after acquiring an additional 25,028 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Standex International in the second quarter valued at approximately $857,000. 90.35% of the stock is currently owned by institutional investors.

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.