Standex International (NYSE:SXI) Raised to Hold at Zacks Research

Standex International (NYSE:SXI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Barrington Research reaffirmed an “outperform” rating and set a $260.00 price target on shares of Standex International in a research note on Monday, March 9th. DA Davidson reaffirmed a “buy” rating and set a $323.00 price target on shares of Standex International in a research note on Monday, May 4th. Finally, Roth Mkm upped their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.67.

Standex International Stock Up 1.2%

Shares of Standex International stock opened at $292.18 on Tuesday. The company has a market cap of $3.54 billion, a P/E ratio of 35.59, a PEG ratio of 3.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.23 and a current ratio of 3.05. Standex International has a one year low of $148.47 and a one year high of $295.89. The firm has a fifty day moving average of $264.87 and a two-hundred day moving average of $251.25.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $225.16 million. Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. On average, analysts forecast that Standex International will post 8.58 earnings per share for the current year.

Institutional Investors Weigh In On Standex International

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in Standex International by 2,963.3% in the 1st quarter. NewEdge Advisors LLC now owns 2,757 shares of the industrial products company’s stock valued at $703,000 after acquiring an additional 2,667 shares during the last quarter. Bank of America Corp DE grew its stake in Standex International by 8.8% in the 1st quarter. Bank of America Corp DE now owns 35,630 shares of the industrial products company’s stock valued at $9,081,000 after acquiring an additional 2,867 shares during the last quarter. Amundi grew its stake in Standex International by 88.8% in the 1st quarter. Amundi now owns 3,585 shares of the industrial products company’s stock valued at $914,000 after acquiring an additional 1,686 shares during the last quarter. California State Teachers Retirement System grew its stake in Standex International by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 14,604 shares of the industrial products company’s stock valued at $3,722,000 after acquiring an additional 3,059 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in Standex International by 5.5% in the 1st quarter. Quantinno Capital Management LP now owns 7,602 shares of the industrial products company’s stock valued at $1,938,000 after acquiring an additional 394 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

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.