Standex International (NYSE:SXI) Stock Rating Lowered by Zacks Research

Standex International (NYSE:SXI) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research report on Monday, April 20th. DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a research note on Monday. Barrington Research reiterated an “outperform” rating and set a $260.00 price objective on shares of Standex International in a report on Monday, March 9th. Roth Mkm raised their target price on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $289.67.

Standex International Stock Up 3.1%

SXI stock opened at $259.44 on Monday. The company has a 50 day moving average price of $261.67 and a two-hundred day moving average price of $247.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The stock has a market capitalization of $3.14 billion, a P/E ratio of 31.60, a PEG ratio of 3.23 and a beta of 1.09. Standex International has a one year low of $144.62 and a one year high of $284.71.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $224.60 million for the quarter, compared to analyst estimates of $225.16 million. Standex International had a return on equity of 14.62% and a net margin of 11.18%.Standex International’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 EPS. As a group, sell-side analysts expect that Standex International will post 8.66 EPS for the current year.

Insider Transactions at Standex International

In related news, Director Thomas E. Chorman sold 513 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director owned 12,666 shares of the company’s stock, valued at approximately $3,293,160. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vineet Kshirsagar sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the transaction, the insider owned 4,647 shares in the company, valued at $1,208,684.70. The trade was a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,013 shares of company stock worth $4,102,367 in the last three months. 2.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Standex International

Several large investors have recently made changes to their positions in SXI. Wasatch Advisors LP lifted its holdings in shares of Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company’s stock valued at $297,643,000 after acquiring an additional 520,506 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Standex International by 73.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company’s stock valued at $48,580,000 after purchasing an additional 94,415 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Standex International in the 3rd quarter valued at $19,763,000. Kennedy Capital Management LLC purchased a new position in Standex International in the third quarter valued at about $17,766,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Standex International by 23.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company’s stock valued at $85,352,000 after purchasing an additional 74,599 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.