Standex International (NYSE:SXI) Rating Lowered to Hold at Wall Street Zen

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

A number of other analysts also recently weighed in on the stock. DA Davidson reissued a “buy” rating and set a $272.00 target price on shares of Standex International in a research report on Monday, November 24th. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of Standex International in a research note on Thursday, November 20th. Roth Capital lifted their target price on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $264.00.

Standex International Stock Down 1.1%

Shares of NYSE:SXI opened at $228.09 on Monday. The firm has a market cap of $2.76 billion, a P/E ratio of 52.32 and a beta of 1.10. Standex International has a 12-month low of $128.85 and a 12-month high of $252.78. The business has a fifty day simple moving average of $235.27 and a 200 day simple moving average of $201.14. The company has a quick ratio of 2.07, a current ratio of 2.87 and a debt-to-equity ratio of 0.77.

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

Insider Activity at Standex International

In other Standex International news, CEO David A. Dunbar sold 18,000 shares of Standex International stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total value of $4,230,000.00. Following the completion of the sale, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at approximately $24,433,655. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vineet Kshirsagar sold 650 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total transaction of $151,690.50. Following the transaction, the insider owned 5,047 shares in the company, valued at $1,177,818.39. This represents a 11.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,473 shares of company stock valued at $7,389,509. Company insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Standex International in the third quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Standex International during the third quarter valued at approximately $28,000. AlphaQuest LLC raised its position in shares of Standex International by 72.8% during the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares during the period. Huntington National Bank lifted its holdings in shares of 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 purchasing an additional 82 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 196 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

About Standex International

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.