Standex International's (SXI) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Standex International's stock has received a "hold (C)" rating from analysts at Weiss Ratings as of Wednesday, while other analysts have suggested varied ratings and price targets.
• The company's shares increased by 2.9%, reaching $219.43, as of the latest trading session, with a significant rise in trading volume.
• Recently, insiders, including the CEO, sold substantial amounts of stock, with director Thomas J. Hansen selling nearly 3,000 shares, indicating potential insider moves that could affect stock perception.

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

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

Standex International Stock Up 2.9%

Shares of Standex International stock traded up $6.12 during trading hours on Wednesday, hitting $219.43. 76,639 shares of the company's stock traded hands, compared to its average volume of 102,996. The stock has a 50 day simple moving average of $203.67 and a 200-day simple moving average of $170.80. 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 company has a market cap of $2.65 billion, a PE ratio of 47.29, a PEG ratio of 2.72 and a beta of 1.15. Standex International has a twelve month low of $128.85 and a twelve month high of $219.83.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results 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. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business had revenue of $222.05 million for the quarter, compared to analysts' expectations of $214.44 million. During the same quarter last year, the company posted $1.76 earnings per share. The company's quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts anticipate that Standex International will post 7.9 earnings per share for the current fiscal year.

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 2,992 shares of the business's 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 sale, the director directly owned 8,439 shares of the company's stock, valued at $1,709,741.40. The trade was a 26.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 11,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $215.00, for a total value of $2,365,000.00. Following the sale, the chief executive officer directly owned 121,973 shares in the company, valued at $26,224,195. This trade represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,992 shares of company stock worth $6,171,179. 2.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Standex International

Several institutional investors and hedge funds have recently added to or reduced their stakes in SXI. SG Americas Securities LLC grew its holdings in shares of Standex International by 3.5% during 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 in the last quarter. Whittier Trust Co. boosted its holdings in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after purchasing an additional 76 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Standex International by 2.2% in the second quarter. Maryland State Retirement & Pension System now owns 3,548 shares of the industrial products company's stock worth $555,000 after purchasing an additional 76 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in Standex International by 5.4% in the second quarter. Moody National Bank Trust Division now owns 1,492 shares of the industrial products company's stock worth $233,000 after purchasing an additional 77 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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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