Standex International (NYSE:SXI) Receives Outperform Rating from Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $220.00 target price on the industrial products company’s stock. Barrington Research’s target price points to a potential upside of 16.33% from the stock’s current price.

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

Standex International Stock Performance

Shares of NYSE:SXI traded up $6.41 during midday trading on Monday, hitting $189.11. The company’s stock had a trading volume of 78,867 shares, compared to its average volume of 52,815. Standex International has a fifty-two week low of $147.12 and a fifty-two week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 2.59 and a beta of 1.07. The stock’s 50 day simple moving average is $194.27 and its 200 day simple moving average is $185.47.

Standex International (NYSE:SXI) last released its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. As a group, research analysts anticipate that Standex International will post 7.84 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Standex International

Several hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased its stake in Standex International by 121.3% in the 2nd quarter. Bank of Montreal Can now owns 3,430 shares of the industrial products company’s stock valued at $566,000 after buying an additional 1,880 shares during the last quarter. Millennium Management LLC acquired a new position in Standex International during the second quarter worth approximately $4,299,000. The Manufacturers Life Insurance Company lifted its position in Standex International by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,471 shares of the industrial products company’s stock worth $1,043,000 after acquiring an additional 180 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Standex International by 22.8% during the second quarter. Truist Financial Corp now owns 4,365 shares of the industrial products company’s stock worth $703,000 after buying an additional 810 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after buying an additional 72 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

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.