Standex International (NYSE:SXI) Upgraded to “Buy” at Wall Street Zen

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

SXI has been the topic of several other research reports. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Thursday, November 20th. Roth Mkm upped their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. DA Davidson reiterated a “buy” rating and set a $272.00 price target on shares of Standex International in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Standex International currently has a consensus rating of “Moderate Buy” and an average target price of $264.00.

Standex International Price Performance

SXI stock opened at $242.14 on Friday. The firm has a 50 day moving average of $235.46 and a 200-day moving average of $215.54. The firm has a market capitalization of $2.93 billion, a P/E ratio of 55.54 and a beta of 1.12. Standex International has a 12 month low of $128.85 and a 12 month high of $253.14. The company has a current ratio of 2.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.77.

Standex International (NYSE:SXI) last posted its earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The business had revenue of $217.43 million for the quarter, compared to analyst estimates of $215.96 million. During the same quarter in the prior year, the firm posted $1.84 EPS. Standex International’s revenue was up 27.5% on a year-over-year basis. As a group, sell-side analysts predict that Standex International will post 7.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 1,823 shares of Standex International stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total value of $419,508.76. Following the transaction, the chief financial officer owned 9,341 shares in the company, valued at approximately $2,149,550.92. The trade was a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vineet Kshirsagar sold 650 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total value of $151,690.50. Following the sale, the insider owned 5,047 shares of the company’s stock, valued at $1,177,818.39. This represents a 11.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,473 shares of company stock valued at $794,509 over the last three months. Insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Consulate Inc. bought a new position in shares of Standex International in the third quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Standex International during the 3rd quarter valued at $28,000. AlphaQuest LLC boosted its position in Standex International by 72.8% during the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after buying an additional 83 shares during the period. Huntington National Bank grew its holdings in Standex International by 52.6% in the 3rd quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 82 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 196 shares during the period. Institutional investors own 90.35% of the company’s stock.

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.