Standex International (NYSE:SXI) Receives Buy Rating from Roth Capital

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 report released on Monday,Benzinga reports. They presently have a $205.00 target price on the industrial products company's stock, up from their prior target price of $175.00. Roth Capital's price objective points to a potential upside of 9.63% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Barrington Research reiterated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, DA Davidson increased their price objective on shares of Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Standex International presently has an average rating of "Moderate Buy" and an average price target of $223.50.

Standex International Stock Up 3.2%

Shares of SXI traded up $5.83 on Monday, reaching $186.99. The company's stock had a trading volume of 102,318 shares, compared to its average volume of 86,535. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. Standex International has a twelve month low of $128.85 and a twelve month high of $212.65. The stock has a market capitalization of $2.26 billion, a PE ratio of 40.30, a PEG ratio of 2.32 and a beta of 1.11. The firm has a fifty day moving average of $158.68 and a 200-day moving average of $164.13.

Standex International (NYSE:SXI - Get Free Report) last posted 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. The firm had revenue of $222.05 million during 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 14.15%. The company's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS. Equities analysts predict that Standex International will post 7.9 EPS for the current year.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the sale, the director directly owned 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SXI. Champlain Investment Partners LLC raised its position in shares of Standex International by 1.0% during the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company's stock valued at $95,309,000 after buying an additional 6,121 shares in the last quarter. Wasatch Advisors LP raised its position 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 buying an additional 64,373 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Standex International by 15.6% during the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock valued at $64,817,000 after buying an additional 46,869 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Standex International by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock valued at $59,314,000 after buying an additional 8,923 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of 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.

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.

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