Standex International (SXI) Receives $115.67 Average Target Price from Analysts

Shares of Standex International (NYSE:SXI) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $120.50.

Several equities research analysts recently commented on the stock. Sidoti upgraded shares of Standex International from a “neutral” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Standex International from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Saturday, March 31st. ValuEngine lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. TheStreet lowered shares of Standex International from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Finally, B. Riley reiterated a “buy” rating and set a $125.00 price target on shares of Standex International in a research note on Wednesday, January 31st.

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Shares of NYSE:SXI opened at $98.35 on Tuesday. Standex International has a 12 month low of $84.30 and a 12 month high of $110.00. The company has a current ratio of 2.34, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1,250.88, a P/E ratio of 20.10 and a beta of 1.54.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.09. Standex International had a net margin of 3.99% and a return on equity of 14.98%. The firm had revenue of $209.75 million for the quarter, compared to analyst estimates of $197.38 million. During the same period last year, the business earned $1.03 EPS. Standex International’s revenue for the quarter was up 20.6% compared to the same quarter last year. equities analysts expect that Standex International will post 5.28 EPS for the current fiscal year.

In other Standex International news, Director Charles H. Cannon, Jr. sold 5,014 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $98.75, for a total transaction of $495,132.50. Following the transaction, the director now directly owns 21,360 shares of the company’s stock, valued at approximately $2,109,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David A. Dunbar sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $101.43, for a total transaction of $405,720.00. Following the transaction, the chief executive officer now directly owns 54,164 shares in the company, valued at $5,493,854.52. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of SXI. SG Americas Securities LLC purchased a new position in Standex International during the 3rd quarter worth $199,000. GSA Capital Partners LLP purchased a new position in Standex International during the 3rd quarter worth $214,000. Two Sigma Advisers LP purchased a new position in Standex International during the 4th quarter worth $281,000. Cutler Group LP grew its position in Standex International by 34.6% during the 4th quarter. Cutler Group LP now owns 2,787 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 717 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Standex International during the 4th quarter worth $448,000. 87.91% of the stock is currently owned by institutional investors.

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About Standex International

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company's Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, countertop merchandisers, cook and hold units, rotisseries, pressure fryers, deep fryers, baking equipment, pump systems, and display cases.

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