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 report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on SXI. Barrington Research restated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Monday, March 9th. Roth Mkm increased 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. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Monday, April 20th. DA Davidson restated a “buy” rating and set a $323.00 price target on shares of Standex International in a report on Monday. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $289.67.

Standex International Stock Up 3.1%

Shares of Standex International stock opened at $259.44 on Monday. Standex International has a 1 year low of $144.62 and a 1 year high of $284.71. The company has a market cap of $3.14 billion, a P/E ratio of 31.60, a P/E/G ratio of 3.23 and a beta of 1.09. The company has a current ratio of 2.87, a quick ratio of 2.10 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $261.67 and a 200 day moving average price of $247.19.

Standex International (NYSE:SXI) last released its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 earnings per share 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 analysts’ expectations of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.62%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $1.95 EPS. As a group, analysts expect that Standex International will post 8.66 EPS for the current fiscal year.

Insider Activity at Standex International

In other Standex International news, insider Vineet Kshirsagar sold 400 shares of Standex International stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total value of $104,040.00. Following the completion of the sale, the insider directly owned 4,647 shares in the company, valued at $1,208,684.70. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas E. Chorman sold 513 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $260.00, for a total transaction of $133,380.00. Following the completion of the sale, the director directly owned 12,666 shares of the company’s stock, valued at $3,293,160. This represents a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,013 shares of company stock valued at $4,102,367. 2.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Standex International

Large investors have recently made changes to their positions in the business. 1ST Source Bank grew its holdings in Standex International by 32.6% in the 1st quarter. 1ST Source Bank now owns 8,126 shares of the industrial products company’s stock valued at $2,071,000 after buying an additional 2,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Standex International by 2.2% during the first quarter. Principal Financial Group Inc. now owns 59,171 shares of the industrial products company’s stock worth $15,080,000 after buying an additional 1,271 shares during the last quarter. Associated Banc Corp acquired a new position in shares of Standex International during the first quarter worth approximately $224,000. Cedar Mountain Advisors LLC bought a new stake in shares of Standex International in the first quarter valued at approximately $29,000. Finally, Kestra Advisory Services LLC boosted its position in shares of Standex International by 10.5% in the first quarter. Kestra Advisory Services LLC now owns 1,303 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Company Profile

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.