Standex International’s (SXI) “Outperform” Rating Reaffirmed at William Blair

Standex International (NYSE:SXI)‘s stock had its “outperform” rating reaffirmed by equities research analysts at William Blair in a research report issued to clients and investors on Tuesday,RTT News reports.

SXI has been the subject of several other reports. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barrington Research reissued an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Friday, February 28th. Finally, DA Davidson boosted their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.33.

Standex International Trading Up 0.1 %

Shares of SXI stock traded up $0.14 during trading hours on Tuesday, reaching $186.27. 10,810 shares of the stock traded hands, compared to its average volume of 53,948. The business has a fifty day moving average price of $187.56 and a 200 day moving average price of $187.69. Standex International has a 1-year low of $154.45 and a 1-year high of $212.65. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.22 billion, a PE ratio of 40.67, a PEG ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last announced 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 net margin of 7.59% and a return on equity of 13.28%. On average, equities research analysts forecast that Standex International will post 7.9 EPS for the current year.

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SXI. Wasatch Advisors LP grew its holdings in Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after acquiring an additional 90,770 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Standex International in the 4th quarter valued at about $11,296,000. Ameriprise Financial Inc. raised its position in shares of Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after acquiring an additional 46,869 shares during the period. Bryn Mawr Capital Management LLC bought a new position in Standex International during the 4th quarter worth approximately $8,080,000. Finally, Norges Bank acquired a new position in Standex International during the fourth quarter valued at approximately $7,122,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.