Standex International (NYSE:SXI) Upgraded at Wall Street Zen

Key Points

• Standex International has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting increased confidence in the company's stock potential.
• Analysts have set a consensus price target of $223.50 for Standex International, with several firms like Barrington Research and DA Davidson issuing positive ratings and increasing price targets.
• The company reported earnings per share (EPS) of $2.28 for the last quarter, surpassing estimates, with year-over-year revenue growth of 23.2%.

Standex International (NYSE:SXI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

Other analysts have also issued research reports about the company. Barrington Research reiterated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. DA Davidson increased their price target on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, Roth Capital restated a "buy" rating and issued a $205.00 price objective (up from $175.00) on shares of Standex International in a report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $223.50.

Standex International Stock Performance

SXI stock opened at $203.87 on Friday. Standex International has a twelve month low of $128.85 and a twelve month high of $215.77. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 2.57 and a beta of 1.12. The business's fifty day simple moving average is $195.44 and its two-hundred day simple moving average is $168.50. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 13.92%. The business's revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 earnings per share. Analysts predict that Standex International will post 7.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the completion of the sale, the director owned 8,439 shares in the company, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David A. Dunbar sold 16,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief executive officer directly owned 115,576 shares of the company's stock, valued at $23,115,200. The trade was a 12.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,992 shares of company stock worth $6,171,179. Insiders own 2.52% of the company's stock.

Hedge Funds Weigh In On Standex International

Hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC boosted its stake in Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after purchasing an additional 193 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Standex International by 46.3% during the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after buying an additional 69 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after buying an additional 196 shares during the last quarter. TD Private Client Wealth LLC increased 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, Versant Capital Management Inc raised its stake in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock worth $61,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.