Standex International (NYSE:SXI) Reaches New 12-Month Low – Here’s Why

Standex International Co. (NYSE:SXI)’s share price hit a new 52-week low on Thursday . The company traded as low as $148.15 and last traded at $148.81, with a volume of 64083 shares. The stock had previously closed at $162.93.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SXI shares. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Friday, February 28th. DA Davidson upped their price target on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, William Blair restated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.33.

Standex International Price Performance

The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The stock’s 50 day simple moving average is $179.97 and its two-hundred day simple moving average is $186.86.

Standex International (NYSE:SXI) last posted its earnings results 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, analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

Insider Transactions at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc increased its position 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 valued at $56,000 after acquiring an additional 64 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 330 shares during the last quarter. KBC Group NV lifted its holdings in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after buying an additional 172 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in Standex International by 117.4% in the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after buying an additional 500 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Standex International in the 4th quarter valued at $201,000. 90.35% of the stock is currently 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.