Standex International (NYSE:SXI) Sets New 52-Week Low – Here’s Why

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson upped their target price on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $231.33.

Standex International Trading Down 6.6 %

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 business’s 50-day moving average price is $179.97 and its two-hundred day moving average price is $186.86. The company has a market capitalization of $1.65 billion, a P/E ratio of 30.34, a PEG ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

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

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Standex International

A number of institutional investors have recently made changes to their positions in SXI. Versant Capital Management Inc grew its position in Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 330 shares in the last quarter. KBC Group NV increased its position in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 172 shares during the last quarter. Hanson & Doremus Investment Management raised its holdings in Standex International by 117.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in Standex International during the fourth quarter valued at approximately $201,000. Institutional investors own 90.35% of the company’s stock.

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.