Standex International (NYSE:SXI) Price Target Raised to $224.00 at DA Davidson

Standex International (NYSE:SXI - Get Free Report) had its price objective raised by research analysts at DA Davidson from $222.00 to $224.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. DA Davidson's target price would suggest a potential upside of 16.42% from the stock's current price.

Several other equities analysts have also commented on the company. Benchmark upped their target price on Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Monday. Finally, StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday.

Standex International Price Performance

SXI stock traded down $0.51 during trading on Tuesday, hitting $192.41. The stock had a trading volume of 59,298 shares, compared to its average volume of 56,541. Standex International has a 1-year low of $151.40 and a 1-year high of $212.65. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. The company's 50 day moving average price is $192.90 and its two-hundred day moving average price is $185.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. On average, sell-side analysts forecast that Standex International will post 7.84 EPS for the current fiscal year.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares of the company's stock, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the transaction, the chief financial officer now directly owns 18,086 shares in the company, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Institutional Trading of Standex International

Large investors have recently modified their holdings of the business. Walleye Capital LLC acquired a new stake in Standex International during the 3rd quarter valued at approximately $250,000. Millennium Management LLC acquired a new stake in shares of Standex International during the second quarter worth approximately $4,299,000. State Street Corp increased its stake in shares of Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock worth $88,849,000 after buying an additional 23,786 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock valued at $26,299,000 after acquiring an additional 3,844 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in Standex International by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock valued at $101,670,000 after acquiring an additional 4,281 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.