5 Stocks to Buy According to James Mitarotonda’s Barington Capital

In this article, we discuss the top 5 stocks to buy according to James Mitarotonda’s Barington Capital. If you want a detailed analysis of these stocks, go directly to 10 Stocks to Buy According to James Mitarotonda’s Barington Capital.

5. Standex International Corporation (NYSE:SXI)

Mitarotonda’s Stake Value: $11,404,000

Percentage of Mitarotonda’s 13F Portfolio: 10.63%

Number of Hedge Fund Holders: 10

Standex International Corporation (NYSE:SXI) is a multinational American manufacturer offering food service equipment, electronics, hydraulics, and engineering technologies. Some of the well-known subsidiaries under the New Hampshire-based corporation are Bakers Pride and Standex Electronics.

Mitarotonda’s Barington Capital owns 120,151 shares in Standex International Corporation (NYSE:SXI), valued at $11.4 million, and representing 10.63% of Mitarotonda’s 13F portfolio. 

Cove Street Capital, managed by Jeffrey Bronchick, is the key stakeholder in Standex International Corporation (NYSE:SXI), with stakes worth over $13 million. Out of the 873 hedge funds tracked by Insider Monkey, 10 held stakes in Standex International Corporation (NYSE:SXI), equaling $42.5 million at the end of the second quarter of 2021. When compared to the previous quarter, the hedge funds in Q2 were up from 7 in Q1, valued at $30.1 million. 

On August 16, analyst Christopher Howe from Barrington raised the price target on Standex International Corporation (NYSE:SXI) to $133, keeping an Outperform rating on the stock. The analyst stated that the markets would soon realize that Standex International Corporation (NYSE:SXI) is undervalued, and the price will appreciate in the future.