Standex International (NYSE:SXI – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Several other equities research analysts also recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $180.00 price objective on shares of Standex International in a report on Tuesday, May 28th. Benchmark restated a “buy” rating and set a $210.00 price target on shares of Standex International in a report on Friday, August 2nd. Finally, DA Davidson upped their price target on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday, August 5th.
Standex International Stock Performance
Standex International (NYSE:SXI – Get Free Report) last posted its earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $181.35 million. During the same quarter in the previous year, the business earned $1.76 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts anticipate that Standex International will post 7.82 earnings per share for the current year.
Institutional Trading of Standex International
A number of large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Standex International by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,471 shares of the industrial products company’s stock valued at $1,043,000 after purchasing an additional 180 shares during the period. Millennium Management LLC acquired a new stake in shares of Standex International in the 2nd quarter valued at about $4,299,000. Anchor Capital Management Company LLC boosted its position in shares of Standex International by 19.2% in the 2nd quarter. Anchor Capital Management Company LLC now owns 67,843 shares of the industrial products company’s stock valued at $10,933,000 after purchasing an additional 10,906 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Standex International in the 2nd quarter valued at about $3,523,000. Finally, Bank of Montreal Can lifted its position in Standex International by 121.3% during the 2nd quarter. Bank of Montreal Can now owns 3,430 shares of the industrial products company’s stock worth $566,000 after acquiring an additional 1,880 shares during the period. 90.35% of the stock is 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.
Read More
- Five stocks we like better than Standex International
- Short Selling: How to Short a Stock
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- Stock Dividend Cuts Happen Are You Ready?
- Jeff Brown’s Exegesis AI Stock Picks
- The 3 Best Retail Stocks to Shop for in August
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for Standex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International and related companies with MarketBeat.com's FREE daily email newsletter.