Standex International (NYSE:SXI) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Standex International (NYSE:SXI) was downgraded by Zacks Research from a "hold" to a "strong sell" in a report released Monday.
• The company reported quarterly EPS of $2.21 (missing estimates by $0.01) and revenue of $224.6M (slightly below forecasts), with revenue up 8.1% year-over-year.
• Analysts are mixed—three Buys, one Hold and one Sell with a consensus target of $289.67—while insiders sold 16,013 shares (~$4.1M) in the past three months and institutions own about 90% of the stock.

Standex International (NYSE:SXI - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Barrington Research reaffirmed an "outperform" rating and set a $260.00 target price on shares of Standex International in a research note on Monday, March 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Standex International in a research report on Monday, April 20th. DA Davidson reissued a "buy" rating and issued a $323.00 price target on shares of Standex International in a report on Monday. Wall Street Zen cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Sunday, February 1st. Finally, Roth Mkm boosted their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Standex International has an average rating of "Hold" and a consensus target price of $289.67.

Standex International Trading Up 3.1%

Standex International stock opened at $259.44 on Monday. Standex International has a 12-month low of $144.62 and a 12-month high of $284.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. The stock has a market capitalization of $3.14 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.23 and a beta of 1.09. The firm has a 50 day simple moving average of $261.67 and a 200-day simple moving average of $247.19.

Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $225.16 million. Standex International had a return on equity of 14.62% and a net margin of 11.18%.The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.95 earnings per share. As a group, equities research analysts expect that Standex International will post 8.66 EPS for the current fiscal year.

Insider Activity

In other Standex International news, insider Vineet Kshirsagar sold 400 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $260.10, for a total transaction of $104,040.00. Following the sale, the insider owned 4,647 shares in the company, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas E. Chorman sold 513 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the sale, the director directly owned 12,666 shares of the company's stock, valued at $3,293,160. This represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,013 shares of company stock valued at $4,102,367 over the last three months. Insiders own 2.52% of the company's stock.

Institutional Investors Weigh In On Standex International

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of Standex International by 6.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 44 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Standex International by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,148 shares of the industrial products company's stock worth $252,000 after purchasing an additional 50 shares during the period. Personal CFO Solutions LLC grew its position in Standex International by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company's stock worth $606,000 after purchasing an additional 54 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Standex International by 3.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,785 shares of the industrial products company's stock worth $378,000 after purchasing an additional 66 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in Standex International by 144.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 68 shares during the period. 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.

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