Roth Capital Reaffirms "Buy" Rating for Standex International (NYSE:SXI)

Key Points

• Standex International's stock received a "buy" rating from Roth Capital, with a new target price of $205.00, indicating a potential upside of 9.63% from its current value.
• For the last quarter, Standex International reported an EPS of $2.28, exceeding estimates and showing a year-over-year revenue increase of 23.2%.
• Institutional investors hold 90.35% of the company's stock, reflecting significant confidence in Standex International's market performance.

Standex International (NYSE:SXI - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Roth Capital in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $205.00 price target on the industrial products company's stock, up from their prior price target of $175.00. Roth Capital's target price would suggest a potential upside of 6.17% from the stock's previous close.

Several other equities analysts also recently weighed in on the stock. Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. DA Davidson increased their target price on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Barrington Research reiterated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $223.50.

Standex International Stock Performance

Shares of Standex International stock traded up $0.87 during mid-day trading on Monday, hitting $193.10. 15,276 shares of the stock were exchanged, compared to its average volume of 88,104. The company has a market capitalization of $2.33 billion, a P/E ratio of 41.66, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.56 and a current ratio of 2.88. The company has a 50-day simple moving average of $162.01 and a 200 day simple moving average of $164.53. Standex International has a 12 month low of $128.85 and a 12 month high of $212.65.

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, topping the consensus estimate of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The company's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Sell-side analysts anticipate that Standex International will post 7.9 earnings per share for the current fiscal year.

Insider Activity

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 transaction, the director directly owned 5,259 shares of the company's stock, valued at approximately $821,087.67. This represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC boosted its stake in shares of Standex International by 1.0% in the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company's stock worth $95,309,000 after buying an additional 6,121 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Standex International by 14.0% during the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock valued at $98,066,000 after purchasing an additional 64,373 shares during the period. Ameriprise Financial Inc. increased its stake in Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after buying an additional 46,869 shares in the last quarter. Geode Capital Management LLC grew its stake in Standex International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock valued at $59,314,000 after acquiring an additional 8,923 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Standex International by 636.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 240,623 shares of the industrial products company's stock valued at $38,796,000 after buying an additional 207,961 shares in the last quarter. Institutional investors own 90.35% of the company's stock.

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.