Standex International (NYSE:SXI) Stock Rating Reaffirmed by Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a note issued to investors on Monday, Benzinga reports. They currently have a $180.00 price target on the industrial products company’s stock. Barrington Research’s price target points to a potential upside of 7.98% from the stock’s previous close.

A number of other brokerages have also recently weighed in on SXI. Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of Standex International in a research report on Friday, May 3rd. DA Davidson increased their target price on shares of Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $191.00.

Standex International Stock Down 1.3 %

SXI opened at $166.69 on Monday. The firm has a market cap of $1.98 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.43. The business has a 50 day moving average price of $174.64 and a 200 day moving average price of $156.83. Standex International has a twelve month low of $128.27 and a twelve month high of $184.18.

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

Insider Activity at Standex International

In other Standex International news, VP Alan J. Glass sold 1,619 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $152.92, for a total value of $247,577.48. Following the completion of the sale, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Ademir Sarcevic sold 2,428 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $154.31, for a total value of $374,664.68. Following the completion of the sale, the chief financial officer now directly owns 12,071 shares in the company, valued at $1,862,676.01. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Alan J. Glass sold 1,619 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $152.92, for a total transaction of $247,577.48. Following the sale, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,423 shares of company stock valued at $2,727,661. Insiders own 2.63% of the company’s stock.

Institutional Trading of Standex International

Institutional investors and hedge funds have recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Standex International during the 4th quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in Standex International in the fourth quarter worth approximately $26,000. Pacer Advisors Inc. acquired a new position in Standex International in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC boosted its holdings in shares of Standex International by 322.2% during the 1st quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock worth $35,000 after buying an additional 145 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Standex International by 341.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock worth $51,000 after buying an additional 249 shares during the period. 90.35% of the stock is currently owned by 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.