William Blair Reaffirms Outperform Rating for Standex International (NYSE:SXI)

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a research note issued on Tuesday,RTT News reports.

Several other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. Finally, DA Davidson increased their price objective on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.33.

Standex International Price Performance

SXI stock opened at $181.04 on Tuesday. Standex International has a 1 year low of $154.45 and a 1 year high of $212.65. The firm has a market capitalization of $2.15 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The business has a 50 day simple moving average of $187.47 and a 200-day simple moving average of $187.73.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. 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 Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Standex International

Several institutional investors and hedge funds have recently modified their holdings of SXI. Peterson Financial Group Inc. acquired a new position in Standex International in the 3rd quarter valued at about $44,000. Versant Capital Management Inc grew its holdings in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after buying an additional 330 shares during the period. KBC Group NV increased its stake in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after buying an additional 172 shares during the period. Finally, US Bancorp DE lifted its holdings in Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after buying an additional 82 shares in 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.