Standex International (NYSE:SXI) Price Target Increased to $203.00 by Analysts at DA Davidson

Standex International (NYSE:SXI) had its price target lifted by DA Davidson from $200.00 to $203.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price objective would indicate a potential upside of 17.29% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Barrington Research reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Standex International in a report on Monday. Finally, Benchmark reiterated a “buy” rating and set a $190.00 price target on shares of Standex International in a report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Standex International has an average rating of “Buy” and a consensus target price of $191.00.

Standex International Trading Up 3.8 %

NYSE SXI opened at $173.07 on Tuesday. The stock’s 50 day moving average is $174.74 and its 200 day moving average is $156.95. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.05 billion, a PE ratio of 28.00, a P/E/G ratio of 2.69 and a beta of 1.06. Standex International has a twelve month low of $130.04 and a twelve month high of $184.18.

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

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,428 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $154.31, for a total transaction of $374,664.68. Following the transaction, the chief financial officer now owns 12,071 shares in the company, valued at $1,862,676.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Standex International news, 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 value of $374,664.68. Following the transaction, the chief financial officer now owns 12,071 shares of the company’s stock, valued at $1,862,676.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 2,200 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now owns 11,370 shares of the company’s stock, valued at $1,831,024.80. 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 insiders.

Institutional Investors Weigh In On Standex International

A number of institutional investors have recently added to or reduced their stakes in SXI. Handelsbanken Fonder AB boosted its stake in Standex International by 3.4% during the fourth quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock valued at $24,185,000 after buying an additional 5,000 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Standex International in the third quarter valued at $1,690,000. Atria Wealth Solutions Inc. increased its position in Standex International by 3.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,175 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 108 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Standex International by 267.3% during the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock valued at $3,948,000 after purchasing an additional 19,724 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Standex International by 37.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock worth $11,700,000 after buying an additional 21,831 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.