Standex International (NYSE:SXI) Receives Buy Rating from DA Davidson

Key Points

• DA Davidson reissued a "Buy" rating on Standex with a $323 price target, implying about a 29% upside from the current share price.
• Standex's latest quarter slightly missed expectations—EPS of $2.21 vs. $2.22 consensus and revenue of $224.6M vs. $225.2M—though revenue was up 8.1% year-over-year.
• Insiders sold 16,063 shares (~$4.11M) over the last three months, including the CEO's 15,000-share sale, while institutional investors own roughly 90% of the stock.

Standex International (NYSE:SXI - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at DA Davidson in a report issued on Monday,Benzinga reports. They presently have a $323.00 price objective on the industrial products company's stock. DA Davidson's price target would indicate a potential upside of 29.37% from the stock's current price.

Several other equities research analysts have also recently commented on SXI. Barrington Research reissued an "outperform" rating and set a $260.00 target price on shares of Standex International in a report on Monday, March 9th. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a report on Sunday, February 1st. Roth Mkm boosted their target price on Standex International from $260.00 to $286.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Standex International in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold 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 $289.67.

Standex International Price Performance

NYSE:SXI traded up $1.04 during midday trading on Monday, hitting $249.67. 66,828 shares of the stock were exchanged, compared to its average volume of 177,375. Standex International has a one year low of $144.62 and a one year high of $284.71. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 3.17 and a beta of 1.09. The business has a 50-day moving average price of $261.63 and a two-hundred day moving average price of $247.00. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). Standex International had a return on equity of 14.62% and a net margin of 11.18%.The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $225.16 million. During the same period in the previous year, the firm earned $1.95 EPS. Standex International's revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that Standex International will post 8.72 EPS for the current year.

Insider Buying and Selling

In other Standex International news, CEO David A. Dunbar sold 15,000 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total value of $3,839,100.00. Following the transaction, the chief executive officer owned 88,973 shares of the company's stock, valued at approximately $22,771,749.62. This represents a 14.43% decrease in their ownership of the stock. 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 on Friday, February 27th. The shares were sold at an average price of $260.00, for a total value of $133,380.00. Following the completion of the transaction, the director directly owned 12,666 shares in the company, valued at $3,293,160. This represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,063 shares of company stock worth $4,114,860 over the last three months. Corporate insiders own 2.52% of the company's stock.

Institutional Investors Weigh In On Standex International

Several hedge funds have recently bought and sold shares of the business. Associated Banc Corp purchased a new stake in Standex International in the 1st quarter worth about $224,000. Cedar Mountain Advisors LLC purchased a new stake in Standex International in the 1st quarter worth about $29,000. Kestra Advisory Services LLC lifted its stake in Standex International by 10.5% in the 1st quarter. Kestra Advisory Services LLC now owns 1,303 shares of the industrial products company's stock worth $332,000 after acquiring an additional 124 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in Standex International by 2.3% in the 1st quarter. Personal CFO Solutions LLC now owns 2,377 shares of the industrial products company's stock worth $606,000 after acquiring an additional 54 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Standex International by 37.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,050 shares of the industrial products company's stock worth $522,000 after acquiring an additional 556 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

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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