Standex International’s (SXI) “Outperform” Rating Reaffirmed at Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research note issued on Wednesday, Benzinga reports. They currently have a $220.00 price target on the industrial products company’s stock. Barrington Research’s price objective would suggest a potential upside of 16.26% from the company’s current price.

A number of other equities analysts have also commented on SXI. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. DA Davidson boosted their target price on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Benchmark boosted their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday.

Standex International Stock Up 4.0 %

SXI traded up $7.28 during trading hours on Wednesday, hitting $189.23. 49,940 shares of the company’s stock were exchanged, compared to its average volume of 56,714. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.56 and a beta of 1.03. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $176.16 and its two-hundred day moving average is $172.35. Standex International has a 1-year low of $130.04 and a 1-year high of $191.18.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. The company had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. Standex International’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 EPS. Sell-side analysts predict that Standex International will post 7.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Standex International

A number of hedge funds and other institutional investors have recently made changes to their positions in SXI. GAMMA Investing LLC increased its holdings in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Standex International in the second quarter worth $32,000. US Bancorp DE boosted its position in Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 82 shares during the last quarter. Fifth Third Bancorp boosted its position in Standex International by 95.5% in the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 358 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Standex International by 18,180.0% in the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 909 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

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.