DA Davidson Forecasts Strong Price Appreciation for Standex International (NYSE:SXI) Stock

Key Points

• DA Davidson has increased its target price for Standex International (NYSE:SXI) from $200.00 to $219.00, indicating a potential upside of 16.79% based on the company's previous close.
• The company reported quarterly earnings of $2.28 per share, exceeding analysts' expectations of $2.10 and marking a 23.2% increase in revenue compared to the same quarter last year.
• Standex International has a strong analyst consensus with an average rating of "Buy" and a target price of $229.67, despite one analyst downgrading the stock to a "hold" rating.

Standex International (NYSE:SXI - Get Free Report) had its target price raised by DA Davidson from $200.00 to $219.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. DA Davidson's target price would indicate a potential upside of 16.79% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Barrington Research restated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research report on Tuesday, July 29th. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $229.67.

Standex International Price Performance

Shares of NYSE SXI traded up $6.35 during trading on Monday, hitting $187.51. The company had a trading volume of 71,310 shares, compared to its average volume of 86,472. The stock has a fifty day simple moving average of $158.68 and a two-hundred day simple moving average of $164.13. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 14.15%. The business had revenue of $222.05 million during the quarter, compared to analysts' expectations of $214.44 million. During the same period last year, the business earned $1.76 earnings per share. The business's revenue for the quarter was up 23.2% on a year-over-year basis. On average, research analysts expect that Standex International will post 7.9 earnings per share for the current year.

Insider Transactions at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the sale, the director owned 5,259 shares of the company's stock, valued at $821,087.67. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Trading of Standex International

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Standex International by 1.6% during the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock worth $10,361,000 after buying an additional 1,003 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Standex International by 65.1% in the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after buying an additional 31,560 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Standex International by 4.5% in the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after buying an additional 168 shares during the period. Deutsche Bank AG boosted its holdings in shares of Standex International by 46.5% in the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock valued at $1,938,000 after buying an additional 3,289 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Standex International by 16.8% in the 4th quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company's stock valued at $2,172,000 after buying an additional 1,673 shares during the period. 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.

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