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

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

Several other equities research analysts also recently commented on SXI. DA Davidson boosted their target price on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Roth Capital reissued a “buy” rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research note on Saturday, September 27th. Finally, Barrington Research reiterated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research note on Tuesday, July 29th. Five 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 company currently has an average rating of “Moderate Buy” and an average target price of $223.50.

Standex International Stock Performance

NYSE SXI opened at $214.47 on Friday. Standex International has a twelve month low of $128.85 and a twelve month high of $218.62. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.59 billion, a P/E ratio of 46.22, a PEG ratio of 2.74 and a beta of 1.15. The company’s 50-day simple moving average is $200.62 and its 200 day simple moving average is $169.79.

Standex International (NYSE:SXI) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. As a group, research analysts forecast that Standex International will post 7.9 earnings per share for the current fiscal year.

Insider Activity at Standex International

In related news, CEO David A. Dunbar sold 16,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief executive officer owned 115,576 shares in the company, valued at approximately $23,115,200. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director owned 8,439 shares of the company’s stock, valued at $1,709,741.40. The trade was a 26.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,992 shares of company stock valued at $6,171,179 in the last quarter. Corporate insiders own 2.52% of the company’s stock.

Hedge Funds Weigh In On Standex International

Several large investors have recently modified their holdings of the stock. Corient Private Wealth LLC bought a new position in Standex International during the second quarter worth about $344,000. Osaic Holdings Inc. grew its stake in Standex International by 30.4% during the second quarter. Osaic Holdings Inc. now owns 5,823 shares of the industrial products company’s stock worth $913,000 after buying an additional 1,359 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Standex International during the second quarter worth about $3,292,000. Thrivent Financial for Lutherans grew its stake in Standex International by 1.6% during the second quarter. Thrivent Financial for Lutherans now owns 8,877 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 138 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Standex International by 9.0% during the second quarter. Public Sector Pension Investment Board now owns 41,155 shares of the industrial products company’s stock worth $6,440,000 after buying an additional 3,385 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Standex International Company Profile

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.