DA Davidson Increases Standex International (NYSE:SXI) Price Target to $219.00

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 increased by investment analysts at DA Davidson from $200.00 to $219.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. DA Davidson's price objective points to a potential upside of 13.42% from the stock's previous close.

Other analysts have also recently issued reports about the company. Roth Capital upgraded Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Barrington Research reiterated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research report on Tuesday, July 29th. Finally, Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Standex International currently has an average rating of "Moderate Buy" and an average target price of $223.50.

Standex International Stock Performance

Standex International stock traded up $0.87 during mid-day trading on Monday, reaching $193.10. 15,276 shares of the company traded hands, compared to its average volume of 88,104. The firm's fifty day moving average is $162.01 and its two-hundred day moving average is $164.53. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.56.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The company had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same quarter last year, the business earned $1.76 earnings per share. The firm's revenue was up 23.2% on a year-over-year basis. On average, equities research analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently bought and sold shares of SXI. Whipplewood Advisors LLC lifted its position in shares of Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after purchasing an additional 193 shares in the last quarter. Whittier Trust Co. increased its stake in Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after buying an additional 69 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock worth $50,000 after buying an additional 196 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Standex International by 29.9% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after buying an additional 76 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after buying an additional 78 shares during the period. 90.35% of the stock is currently owned by hedge funds and other 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.