Standex International’s (SXI) Outperform Rating Reiterated at Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They presently have a $260.00 price objective on the industrial products company’s stock. Barrington Research’s target price would indicate a potential upside of 2.02% from the stock’s current price.

Several other research analysts have also commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Roth Mkm raised their price target on shares of Standex International from $260.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen lowered Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, DA Davidson increased their price objective on Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Standex International has an average rating of “Moderate Buy” and an average target price of $281.33.

Standex International Trading Up 1.6%

Shares of NYSE SXI traded up $3.96 during trading on Monday, reaching $254.85. The stock had a trading volume of 85,909 shares, compared to its average volume of 149,527. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The company has a market cap of $3.09 billion, a P/E ratio of 57.14 and a beta of 1.09. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $270.87. The business’s 50-day moving average price is $246.99 and its 200-day moving average price is $232.26.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.08. The firm had revenue of $221.32 million for the quarter, compared to analyst estimates of $219.22 million. Standex International had a return on equity of 14.29% and a net margin of 6.20%.Standex International’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, equities research analysts predict that Standex International will post 7.9 EPS for the current fiscal year.

Insider Activity

In other news, Director Andy L. Nemeth purchased 2,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of $245.00 per share, for a total transaction of $490,000.00. Following the acquisition, the director directly owned 8,639 shares of the company’s stock, valued at approximately $2,116,555. The trade was a 30.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the sale, the insider owned 4,647 shares in the company, valued at $1,208,684.70. The trade was a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,013 shares of company stock worth $4,101,963. Insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Consulate Inc. acquired a new position in shares of Standex International during the 3rd quarter worth about $25,000. Cornerstone Planning Group LLC raised its position in shares of Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 68 shares in the last quarter. UMB Bank n.a. lifted its stake in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Standex International in the third quarter valued at approximately $28,000. Finally, Simplex Trading LLC acquired a new position in Standex International in the fourth quarter valued at approximately $35,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

About Standex International

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.