Standex International (NYSE:SXI) Given Outperform Rating at Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $220.00 price objective on the industrial products company’s stock. Barrington Research’s price objective suggests a potential upside of 17.53% from the company’s previous close.

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

Standex International Stock Performance

NYSE:SXI opened at $187.18 on Tuesday. 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 firm has a 50-day moving average price of $195.61 and a 200 day moving average price of $185.38. The firm has a market capitalization of $2.26 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Standex International has a 12-month low of $141.90 and a 12-month high of $212.65.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same quarter in the previous year, the firm earned $1.74 EPS. Standex International’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts anticipate that Standex International will post 7.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 in the company, valued at $2,405,196.71. The trade was a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares in the company, valued at approximately $3,575,765.04. This represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock worth $1,359,419 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Standex International

Several large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Standex International by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock valued at $1,283,000 after purchasing an additional 100 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Standex International during the 4th quarter worth $1,333,000. Hanson & Doremus Investment Management raised its position in shares of Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 500 shares during the last quarter. Ibex Wealth Advisors acquired a new position in shares of Standex International in the 4th quarter valued at $285,000. Finally, KBC Group NV grew its stake in shares of Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

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.