Standex International (NYSE:SXI) Lowered to “Hold” Rating by Wall Street Zen

Standex International (NYSE:SXI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts also recently commented on SXI. DA Davidson dropped their price objective on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Roth Capital raised Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. Finally, Barrington Research reissued an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Tuesday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $223.33.

Standex International Stock Up 10.0%

Shares of SXI opened at $181.23 on Friday. The company’s 50-day moving average price is $158.68 and its 200 day moving average price is $164.43. Standex International has a 12-month low of $128.85 and a 12-month high of $212.65. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.19 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11.

Standex International (NYSE:SXI) last released its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.18. The company had revenue of $222.05 million during the quarter, compared to the consensus estimate of $214.44 million. Standex International had a return on equity of 14.15% and a net margin of 7.06%. During the same period in the previous year, the company posted $1.76 EPS. Standex International’s revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts forecast that Standex International will post 7.9 earnings per share for the current year.

Insider Buying and Selling at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the transaction, the director owned 5,259 shares in the company, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Standex International

Institutional investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC increased its holdings in shares of Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 193 shares during the last quarter. Whittier Trust Co. grew its position in shares of Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 196 shares during the period. TD Private Client Wealth LLC lifted its holdings in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 76 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Standex International by 25.9% in the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 78 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.