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

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a report released on Monday, Benzinga reports. They presently have a $180.00 price target on the industrial products company’s stock. Barrington Research’s price objective would suggest a potential upside of 7.98% from the stock’s current price.

A number of other analysts also recently weighed in on SXI. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of Standex International in a report on Friday, May 3rd. DA Davidson upped their target price on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $191.00.

Standex International Trading Down 1.3 %

Shares of Standex International stock opened at $166.69 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. The business has a fifty day simple moving average of $174.64 and a two-hundred day simple moving average of $156.83. Standex International has a 1 year low of $128.27 and a 1 year high of $184.18. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 2.69 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The business had revenue of $177.30 million for the quarter, compared to analyst estimates of $180.06 million. During the same quarter in the prior year, the business earned $1.65 EPS. Standex International’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts forecast that Standex International will post 7.23 EPS for the current year.

Insiders Place Their Bets

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the transaction, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total transaction of $882,180.00. Following the sale, the chief executive officer now owns 57,332 shares in the company, valued at $10,319,760. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ademir Sarcevic sold 2,428 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $154.31, for a total transaction of $374,664.68. Following the completion of the sale, the chief financial officer now directly owns 12,071 shares in the company, valued at $1,862,676.01. The disclosure for this sale can be found here. Insiders have sold a total of 16,423 shares of company stock valued at $2,727,661 in the last 90 days. 2.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Standex International

A number of large investors have recently bought and sold shares of the stock. Raymond James & Associates increased its stake in shares of Standex International by 4.0% during the third quarter. Raymond James & Associates now owns 12,360 shares of the industrial products company’s stock valued at $1,801,000 after purchasing an additional 478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Standex International by 20.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,692 shares of the industrial products company’s stock worth $392,000 after buying an additional 461 shares during the last quarter. Park Avenue Securities LLC bought a new position in Standex International during the 3rd quarter valued at approximately $293,000. Assetmark Inc. purchased a new position in Standex International during the third quarter valued at $1,163,000. Finally, Teacher Retirement System of Texas boosted its holdings in Standex International by 114.5% in the third quarter. Teacher Retirement System of Texas now owns 12,802 shares of the industrial products company’s stock worth $1,865,000 after acquiring an additional 6,833 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.