Standex International (NYSE:SXI) PT Raised to $203.00 at DA Davidson

Standex International (NYSE:SXI) had its target price hoisted by equities research analysts at DA Davidson from $200.00 to $203.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price target would indicate a potential upside of 17.29% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of Standex International in a research note on Friday, May 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Standex International in a research report on Monday. Finally, StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $191.00.

Standex International Trading Up 3.8 %

Shares of NYSE:SXI opened at $173.07 on Tuesday. Standex International has a 12 month low of $130.04 and a 12 month high of $184.18. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $174.74 and its 200 day simple moving average is $156.95. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.69 and a beta of 1.06.

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

Insider Buying and Selling

In related news, VP Alan J. Glass sold 1,619 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the transaction, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Standex International news, VP Alan J. Glass sold 1,619 shares of Standex International stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the transaction, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the transaction, the chief executive officer now owns 57,332 shares in the company, valued at approximately $10,319,760. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,423 shares of company stock worth $2,727,661. Company insiders own 2.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SXI. Raymond James & Associates grew its position in Standex International by 4.0% in the third quarter. Raymond James & Associates now owns 12,360 shares of the industrial products company’s stock valued at $1,801,000 after acquiring an additional 478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Standex International by 20.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,692 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 461 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Standex International during the third quarter worth about $293,000. Assetmark Inc. bought a new stake in shares of Standex International during the third quarter worth about $1,163,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Standex International by 114.5% during the third quarter. Teacher Retirement System of Texas now owns 12,802 shares of the industrial products company’s stock worth $1,865,000 after purchasing an additional 6,833 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

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.