Standex International (NYSE:SXI – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.
Several other equities research analysts have also recently issued reports on SXI. 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. 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. Weiss Ratings upgraded shares of Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Roth Mkm increased their price objective on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $289.67.
Get Our Latest Stock Analysis on Standex International
Standex International Price Performance
Standex International (NYSE:SXI – Get Free Report) last released its quarterly earnings results 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). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The firm had revenue of $224.60 million for the quarter, compared to analyst estimates of $225.16 million. During the same period in the prior year, the business earned $1.95 earnings per share. Standex International’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts predict that Standex International will post 8.58 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its holdings in Standex International by 144.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 68 shares during the period. UMB Bank n.a. raised its stake in shares of Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Standex International during the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Standex International during the first quarter valued at approximately $29,000. Finally, Simplex Trading LLC purchased a new stake in shares of Standex International during the fourth 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.
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