Barrington Research Reaffirms Outperform Rating for Standex International (NYSE:SXI)

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reiterated by Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $220.00 price target on the industrial products company’s stock. Barrington Research’s price objective suggests a potential upside of 18.60% from the stock’s current price.

Separately, Benchmark boosted their price objective on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Standex International Stock Performance

Shares of SXI stock opened at $185.49 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The firm has a 50-day moving average of $195.00 and a 200-day moving average of $185.46. Standex International has a one year low of $141.90 and a one year high of $212.65. The company has a market cap of $2.24 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.72 and a beta of 1.07.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. Equities research analysts forecast that Standex International will post 7.84 EPS for the current fiscal year.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ademir Sarcevic sold 3,800 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the completion of the transaction, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock worth $1,359,419 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its position in shares of Standex International by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company’s stock valued at $1,085,000 after acquiring an additional 100 shares during the period. State of Alaska Department of Revenue lifted its stake in Standex International by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock worth $1,283,000 after purchasing an additional 100 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Standex International during the 4th quarter valued at $1,333,000. Hanson & Doremus Investment Management grew its position in shares of Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 500 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new position in shares of Standex International in the fourth quarter worth $285,000. 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.