Standex International (NYSE:SXI) Given “Outperform” Rating at Barrington Research

Standex International (NYSE:SXI)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a report released on Friday,Benzinga reports. They currently have a $220.00 price objective on the industrial products company’s stock. Barrington Research’s target price would suggest a potential upside of 19.40% from the stock’s current price.

Other research analysts have also issued reports about the stock. DA Davidson raised their target price on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

Standex International Stock Down 1.4 %

Shares of SXI stock opened at $184.25 on Friday. The stock has a market cap of $2.19 billion, a P/E ratio of 40.23, a PEG ratio of 2.63 and a beta of 1.06. The company’s fifty day simple moving average is $188.48 and its two-hundred day simple moving average is $186.81. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International has a 52 week low of $154.45 and a 52 week high of $212.65.

Standex International (NYSE:SXI) last announced 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 return on equity of 13.28% and a net margin of 7.59%. Analysts predict that Standex International will post 7.9 EPS for the current fiscal year.

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were 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 approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

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