Standex International’s (SXI) “Outperform” Rating Reaffirmed at Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a report issued on Monday,Benzinga reports. They currently have a $220.00 target price on the industrial products company’s stock. Barrington Research’s price target indicates a potential upside of 14.71% from the company’s previous close.

Separately, Benchmark raised their price target on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Standex International Stock Performance

Shares of SXI stock opened at $191.79 on Monday. Standex International has a 52-week low of $147.12 and a 52-week high of $212.65. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.32 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. The business has a 50-day simple moving average of $193.45 and a 200-day simple moving average of $185.59.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.40% and a net margin of 7.59%. On average, equities analysts expect that Standex International will post 7.84 EPS for the current year.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. The trade was a 12.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Standex International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC acquired a new stake in shares of Standex International during the third quarter worth about $250,000. Millennium Management LLC acquired a new position in shares of Standex International in the 2nd quarter valued at $4,299,000. State Street Corp grew its holdings in shares of Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after purchasing an additional 23,786 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after buying an additional 3,844 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock worth $101,670,000 after acquiring an additional 4,281 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Company Profile

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.