Standex International (NYSE:SXI) Stock Price Expected to Rise, DA Davidson Analyst Says

Standex International (NYSE:SXI) had its price objective upped by research analysts at DA Davidson from $222.00 to $224.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s price objective points to a potential upside of 14.94% from the company’s current price.

Several other brokerages have also issued reports on SXI. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research note on Monday. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Monday. Finally, Benchmark increased their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Standex International Price Performance

Shares of NYSE SXI opened at $194.89 on Tuesday. The stock has a market cap of $2.35 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. Standex International has a fifty-two week low of $149.11 and a fifty-two week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The stock has a fifty day moving average of $193.19 and a 200-day moving average of $185.65.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. Equities research analysts anticipate that Standex International will post 7.84 earnings per share for the current year.

Insider Buying and Selling at Standex International

In other news, CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the completion of the sale, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Standex International

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in Standex International in the 3rd quarter valued at $44,000. Versant Capital Management Inc increased its stake in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 64 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 330 shares during the last quarter. Finally, KBC Group NV increased its stake in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors 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.