Standex International's (SXI) Outperform Rating Reiterated at William Blair

Standex International (NYSE:SXI - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at William Blair in a report released on Tuesday,RTT News reports.

Several other analysts have also recently issued reports on the company. DA Davidson raised their target price on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Barrington Research reissued an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. Finally, StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $231.33.

Standex International Trading Down 5.2 %

Shares of SXI traded down $9.38 during trading hours on Tuesday, hitting $172.12. The company had a trading volume of 73,878 shares, compared to its average volume of 56,806. The firm has a market cap of $2.05 billion, a P/E ratio of 37.58, a P/E/G ratio of 2.63 and a beta of 1.02. The stock's 50 day moving average price is $187.47 and its 200 day moving average price is $187.73. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International has a 52-week low of $154.45 and a 52-week high of $212.65.

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Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. On average, research analysts predict that Standex International will post 7.9 EPS for the current year.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now directly owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company's stock.

Institutional Trading of Standex International

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in Standex International by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after buying an additional 66 shares during the last quarter. US Bancorp DE raised 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 buying an additional 82 shares during the last quarter. Keeley Teton Advisors LLC raised its stake in Standex International by 3.4% during the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company's stock valued at $565,000 after buying an additional 99 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Standex International by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after buying an additional 100 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

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.