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

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

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

Standex International Trading Up 1.2%

Standex International stock opened at $292.18 on Tuesday. The firm has a 50 day simple moving average of $264.87 and a 200-day simple moving average of $251.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. The stock has a market capitalization of $3.54 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.74 and a beta of 1.08. Standex International has a 12-month low of $148.47 and a 12-month high of $295.89.

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 company had revenue of $224.60 million during the quarter, compared to the consensus estimate of $225.16 million. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.95 earnings per share. As a group, equities research analysts expect that Standex International will post 8.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Standex International

Hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Standex International by 144.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 68 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Standex International by 132.7% in the 4th quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International in the 3rd quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Standex International in the 1st quarter valued at approximately $29,000. Finally, Simplex Trading LLC purchased a new stake in shares of Standex International in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.