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

Standex International (NYSE:SXI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

SXI has been the subject of a number of other research reports. Barrington Research reiterated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. William Blair reiterated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. DA Davidson cut their price target on shares of Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Standex International has an average rating of "Buy" and a consensus price target of $223.33.

Standex International Stock Down 1.5%

Standex International stock traded down $2.31 during mid-day trading on Friday, reaching $148.63. The company's stock had a trading volume of 67,636 shares, compared to its average volume of 57,457. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. Standex International has a 12 month low of $128.85 and a 12 month high of $212.66. The business's 50 day simple moving average is $148.18 and its 200 day simple moving average is $175.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37.

Standex International (NYSE:SXI - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. As a group, research analysts anticipate that Standex International will post 7.9 earnings per share for the current year.

Insider Transactions at Standex International

In other news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the sale, the director now owns 5,259 shares in the company, valued at approximately $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Standex International

A number of hedge funds have recently modified their holdings of the stock. Maryland State Retirement & Pension System increased its position in Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock worth $761,000 after acquiring an additional 66 shares during the period. Whittier Trust Co. increased its position in 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 acquiring an additional 69 shares during the period. TD Private Client Wealth LLC increased its position in Standex International by 29.9% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after acquiring an additional 76 shares during the period. Versant Capital Management Inc increased its position in Standex International by 25.9% during the first 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 period. Finally, Moody National Bank Trust Division increased its position in Standex International by 6.8% during the first quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock worth $228,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds 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.