Standex International (NYSE:SXI) Receives Hold (C) Rating from Weiss Ratings

Key Points

• The stock of Standex International (NYSE:SXI) has received a "hold (C)" rating from Weiss Ratings, as reaffirmed in a recent research note.
• DA Davidson and Roth Capital have increased their price targets for Standex International, with estimates now at $219 and $205, respectively, indicating a positive outlook for the stock.
• Standex International's most recent quarterly earnings report showed a revenue of $222.05 million, exceeding estimates, and a year-over-year EPS increase from $1.76 to $2.28.

Standex International (NYSE:SXI - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other brokerages have also commented on SXI. DA Davidson increased their price objective on shares of Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Roth Capital reissued a "buy" rating and set a $205.00 price objective (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Barrington Research reissued an "outperform" rating and set a $220.00 price objective on shares of Standex International in a report on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of Standex International from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Standex International currently has an average rating of "Moderate Buy" and a consensus price target of $223.50.

Standex International Stock Up 1.0%

Shares of NYSE:SXI opened at $244.68 on Friday. Standex International has a 12 month low of $128.85 and a 12 month high of $246.12. The company's 50-day moving average price is $213.46 and its two-hundred day moving average price is $177.11. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.96 billion, a P/E ratio of 52.73, a P/E/G ratio of 3.09 and a beta of 1.15.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same quarter in the prior year, the firm earned $1.76 EPS. The company's revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that Standex International will post 7.9 EPS for the current fiscal year.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director directly owned 8,439 shares in the company, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 18,000 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the transaction, the chief executive officer owned 103,973 shares in the company, valued at approximately $24,433,655. The trade was a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,992 shares of company stock worth $10,401,179. Corporate insiders own 2.52% of the company's stock.

Institutional Trading of Standex International

A number of hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Standex International by 6.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 695 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 44 shares during the period. SG Americas Securities LLC raised its position in shares of Standex International by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,992 shares of the industrial products company's stock valued at $312,000 after acquiring an additional 68 shares during the period. Whittier Trust Co. raised its position in shares of Standex International by 46.3% in the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 69 shares during the period. TD Private Client Wealth LLC raised its position in shares of Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 76 shares during the period. Finally, Maryland State Retirement & Pension System raised its holdings in Standex International by 2.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company's stock worth $555,000 after buying an additional 76 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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