Barrington Research Reiterates Outperform Rating for Standex International (NYSE:SXI)

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 restated by investment analysts at Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $220.00 price target on the industrial products company's stock. Barrington Research's price objective points to a potential upside of 21.39% from the stock's current price.

A number of other brokerages also recently issued reports on SXI. Wall Street Zen raised shares of Standex International from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. DA Davidson dropped their price target on shares of Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Roth Capital raised shares of Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Standex International currently has an average rating of "Buy" and an average price target of $223.33.

Standex International Stock Up 10.0%

SXI stock traded up $16.49 during trading on Tuesday, hitting $181.23. 300,484 shares of the stock traded hands, compared to its average volume of 111,982. Standex International has a 1 year low of $128.85 and a 1 year high of $212.65. The firm's 50 day moving average is $158.68 and its two-hundred day moving average is $164.43. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data 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 14.15%. The company had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. During the same period in the prior year, the firm posted $1.76 EPS. Standex International's revenue for the quarter was up 23.2% on a year-over-year basis. On average, sell-side analysts anticipate that Standex International will post 7.9 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Standex International by 1.6% in the first quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company's stock valued at $10,361,000 after acquiring an additional 1,003 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Standex International by 65.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock worth $14,965,000 after purchasing an additional 31,560 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Standex International by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after acquiring an additional 168 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Standex International by 46.5% during the fourth quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock valued at $1,938,000 after acquiring an additional 3,289 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Standex International by 16.8% in the fourth 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 last quarter. 90.35% of the stock is 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.