Standex International (NYSE:SXI) Given New $250.00 Price Target at Benchmark

Standex International (NYSE:SXI - Get Free Report) had its price objective lifted by equities researchers at Benchmark from $210.00 to $250.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Benchmark's price objective points to a potential upside of 32.16% from the company's current price.

SXI has been the subject of several other reports. StockNews.com upgraded Standex International from a "hold" rating to a "buy" rating in a 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 report on Monday, August 5th.

Standex International Price Performance

NYSE SXI traded up $7.21 on Wednesday, reaching $189.16. 49,940 shares of the company's stock traded hands, compared to its average volume of 56,808. The stock has a market cap of $2.25 billion, a PE ratio of 30.61, 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 current ratio of 3.37 and a quick ratio of 2.69. Standex International has a 12 month low of $130.04 and a 12 month high of $191.18. The stock has a 50-day simple moving average of $176.42 and a 200 day simple moving average of $172.47.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The company had revenue of $170.50 million for the quarter, compared to analysts' expectations of $178.94 million. During the same quarter last year, the company earned $1.74 EPS. The firm's revenue was down 7.7% compared to the same quarter last year. As a group, research analysts predict that Standex International will post 7.67 earnings per share for the current year.

Institutional Trading of Standex International

Several large investors have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC grew its holdings in shares of Standex International by 4.6% during the 1st quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company's stock worth $116,104,000 after acquiring an additional 27,990 shares during the period. Millennium Management LLC purchased a new stake in Standex International in the second quarter worth $4,299,000. Lord Abbett & CO. LLC bought a new position in Standex International in the first quarter worth $4,647,000. Squarepoint Ops LLC purchased a new position in Standex International during the second quarter valued at $3,523,000. Finally, Raymond James & Associates lifted its position in Standex International by 32.3% during the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company's stock valued at $8,616,000 after buying an additional 11,516 shares during the period. Institutional investors 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.