Standex International (NYSE:SXI) Stock Rating Upgraded by Wall Street Zen

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

A number of other analysts have also commented on SXI. Roth Mkm lifted their price objective on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Wednesday. Finally, DA Davidson restated a “buy” rating and issued a $272.00 price objective on shares of Standex International in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $264.00.

Standex International Stock Performance

SXI stock opened at $242.14 on Friday. The company has a 50 day moving average price of $235.46 and a 200 day moving average price of $216.24. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $253.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.87 and a quick ratio of 2.07. The stock has a market capitalization of $2.93 billion, a PE ratio of 55.54 and a beta of 1.12.

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

Insider Buying and Selling

In related news, insider Vineet Kshirsagar sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $233.37, for a total transaction of $151,690.50. Following the completion of the transaction, the insider owned 5,047 shares in the company, valued at approximately $1,177,818.39. The trade was a 11.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ademir Sarcevic sold 1,823 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total transaction of $419,508.76. Following the completion of the sale, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at $2,149,550.92. The trade was a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,473 shares of company stock valued at $794,509 in the last 90 days. 2.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SXI. Financial Consulate Inc. bought a new stake in Standex International during the 3rd quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International in the third quarter valued at about $28,000. AlphaQuest LLC increased its position in shares of Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 83 shares during the last quarter. Huntington National Bank boosted its position in Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.