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Analysts Offer Insights on Industrial Goods Companies: Watsco (WSO), Standex International (SXI) and nVent Electric (NVT)

Tipranks - Tipranks - Tue May 5, 7:24AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Watsco (WSO), Standex International (SXI) and nVent Electric (NVT).

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Watsco (WSO)

In a report released today, Patrick Baumann from J.P. Morgan maintained a Hold rating on Watsco, with a price target of $425.00. The company’s shares closed last Friday at $428.57.

According to TipRanks.com, Baumann is a 3-star analyst with an average return of 11.8% and a 84.2% success rate. Baumann covers the Industrial Goods sector, focusing on stocks such as Lennox International, Vertiv Holdings, and MSC Industrial. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Watsco with a $433.83 average price target, implying a -0.9% downside from current levels. In a report issued on April 28, William Blair also maintained a Hold rating on the stock with a $438.00 price target.

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Standex International (SXI)

Roth MKM analyst Matt Koranda maintained a Buy rating on Standex International today and set a price target of $286.00. The company’s shares closed last Friday at $248.63.

According to TipRanks.com, Koranda is a 1-star analyst with an average return of -0.4% and a 38.3% success rate. Koranda covers the Industrial Goods sector, focusing on stocks such as GrabAGun Digital Holdings, Aebi Schmidt Holding AG, and Byrna Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Standex International with a $298.50 average price target, an 11.2% upside from current levels. In a report issued on April 20, D.A. Davidson also maintained a Buy rating on the stock with a $323.00 price target.

nVent Electric (NVT)

In a report released today, Justin Clare from Roth MKM reiterated a Buy rating on nVent Electric, with a price target of $185.00. The company’s shares closed last Friday at $158.92.

According to TipRanks.com, Clare is a 5-star analyst with an average return of 25.2% and a 61.8% success rate. Clare covers the Industrial Goods sector, focusing on stocks such as American Superconductor, Broadwind Energy, and Vertiv Holdings. ;'>

Currently, the analyst consensus on nVent Electric is a Strong Buy with an average price target of $177.00, representing a 7.7% upside. In a report issued on May 1, William Blair also maintained a Buy rating on the stock.

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