Standex International's (SXI) Outperform Rating Reiterated at Barrington Research

Key Points

• Standex International's stock has been given an "outperform" rating by Barrington Research, with a price target of $220.00, indicating a potential upside of 32.54% from its previous close.
• Recent earnings reports show Standex International posted an EPS of $1.95, exceeding estimates and reflecting a 17.2% increase in revenue year-over-year.
• The stock has strong overall analyst support with a consensus rating of "Buy" from five analysts, alongside one "strong buy" rating.

Standex International (NYSE:SXI - Get Free Report)'s stock had its "outperform" rating reiterated by Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $220.00 target price on the industrial products company's stock. Barrington Research's price objective suggests a potential upside of 21.39% from the company's previous close.

Several other equities analysts also recently weighed in on the company. Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Wall Street Zen raised Standex International from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Finally, DA Davidson dropped their target price on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $223.33.

Standex International Price Performance

SXI traded up $16.49 on Tuesday, hitting $181.23. 300,484 shares of the company's stock were exchanged, compared to its average volume of 86,603. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $157.97 and a 200-day moving average price of $164.45. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 2.11 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.18. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. During the same quarter in the previous year, the company posted $1.76 EPS. The firm's quarterly revenue was up 23.2% on a year-over-year basis. As a group, equities analysts anticipate that Standex International will post 7.9 earnings per share for the current year.

Insider Transactions at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the company'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 completion of the transaction, the director directly owned 5,259 shares of the company's stock, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Standex International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SXI. Whipplewood Advisors LLC lifted its stake in Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after buying an additional 193 shares during the last quarter. Whittier Trust Co. lifted its stake in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after buying an additional 69 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after buying an additional 196 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after buying an additional 76 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Standex International by 25.9% in the first 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 last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

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.