Standex International (NYSE:SXI) Price Target Raised to $250.00 at Benchmark

Standex International (NYSE:SXI) had its target price raised by Benchmark from $210.00 to $250.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Benchmark’s price objective would indicate a potential upside of 34.63% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. DA Davidson raised their target price on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Standex International Price Performance

Standex International stock traded up $3.74 during midday trading on Wednesday, reaching $185.69. 8,745 shares of the company were exchanged, compared to its average volume of 56,612. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 2.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37. The firm’s 50-day simple moving average is $176.16 and its 200-day simple moving average is $172.35. Standex International has a 1 year low of $130.04 and a 1 year high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 earnings per share. On average, analysts anticipate that Standex International will post 7.67 EPS for the current year.

Institutional Trading of Standex International

Large investors have recently bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in Standex International by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock worth $1,684,000 after buying an additional 62 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Standex International by 1.9% in the second quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock valued at $708,000 after purchasing an additional 82 shares during the last quarter. US Bancorp DE grew its stake in Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Standex International by 3.7% during the 3rd quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.