Standex International (NYSE:SXI) Earns “Outperform” Rating from Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $260.00 price objective on the industrial products company’s stock. Barrington Research’s price target indicates a potential upside of 7.38% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $272.00 price objective on shares of Standex International in a research note on Monday, November 24th. Roth Mkm boosted their price objective on shares of Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen raised Standex International from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $264.00.

Standex International Price Performance

Shares of NYSE:SXI opened at $242.14 on Monday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 55.54 and a beta of 1.12. The business has a 50 day moving average price of $235.46 and a 200 day moving average price of $216.24. 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 has a twelve month low of $128.85 and a twelve month high of $253.14.

Standex International (NYSE:SXI) last announced its earnings results on Friday, October 31st. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. Standex International had a net margin of 6.29% and a return on equity of 14.20%. The business had revenue of $217.43 million for the quarter, compared to analyst estimates of $215.96 million. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Standex International’s revenue was up 27.5% compared to the same quarter last year. Research analysts predict that Standex International will post 7.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Vineet Kshirsagar sold 650 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $233.37, for a total transaction of $151,690.50. Following the completion of the sale, the insider directly owned 5,047 shares in the company, valued at approximately $1,177,818.39. This represents a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 1,823 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total value of $419,508.76. Following the completion of the transaction, the chief financial officer directly owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. This trade represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,473 shares of company stock worth $794,509 over the last three months. Insiders own 2.52% of the company’s stock.

Institutional Trading of Standex International

Large investors have recently made changes to their positions in the company. ZWJ Investment Counsel Inc. bought a new stake in Standex International during the fourth quarter worth $236,000. State of Alaska Department of Revenue raised its position in Standex International by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,851 shares of the industrial products company’s stock worth $1,488,000 after purchasing an additional 137 shares during the last quarter. Financial Consulate Inc. lifted its holdings in Standex International by 84.7% during the 4th quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock worth $47,000 after buying an additional 100 shares during the period. SG Americas Securities LLC grew its position in shares of Standex International by 186.1% in the 4th quarter. SG Americas Securities LLC now owns 5,106 shares of the industrial products company’s stock valued at $1,109,000 after buying an additional 3,321 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in shares of Standex International by 31.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,978 shares of the industrial products company’s stock worth $647,000 after acquiring an additional 712 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 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.