Brokerages Set Standex International Corporation (NYSE:SXI) PT at $289.67

Shares of Standex International Corporation (NYSE:SXI) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $289.6667.

SXI has been the topic of a number of analyst reports. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DA Davidson reissued a “buy” rating and issued a $323.00 target price on shares of Standex International in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th.

Institutional Trading of Standex International

Several institutional investors and hedge funds have recently modified their holdings of the company. Revolve Wealth Partners LLC purchased a new position in shares of Standex International during the 2nd quarter valued at $457,000. Cooper Financial Group bought a new position in Standex International in the 2nd quarter worth $235,000. GAMMA Investing LLC increased its stake in Standex International by 13.1% in the 2nd quarter. GAMMA Investing LLC now owns 303 shares of the industrial products company’s stock worth $108,000 after buying an additional 35 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Standex International by 5.0% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,004 shares of the industrial products company’s stock worth $1,432,000 after buying an additional 189 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Standex International by 2,963.3% during the first quarter. NewEdge Advisors LLC now owns 2,757 shares of the industrial products company’s stock valued at $703,000 after acquiring an additional 2,667 shares during the period. 90.35% of the stock is currently owned by institutional investors.

Standex International Price Performance

NYSE SXI opened at $310.00 on Monday. The company has a market capitalization of $3.75 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. The business’s fifty day moving average is $299.35 and its 200 day moving average is $271.27. Standex International has a fifty-two week low of $157.96 and a fifty-two week high of $363.89.

Standex International (NYSE:SXI) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company had revenue of $224.59 million for the quarter, compared to the consensus estimate of $225.16 million. During the same period in the prior year, the firm posted $1.95 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that Standex International will post 8.58 earnings per share for the current year.

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.