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

Shares of Standex International Co. (NYSE:SXI) hit a new 52-week low during trading on Monday . The company traded as low as $129.51 and last traded at $130.00, with a volume of 27265 shares traded. The stock had previously closed at $136.23.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. DA Davidson lifted their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Roth Capital raised Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. William Blair reissued an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. Finally, Barrington Research restated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $231.33.

Standex International Price Performance

The company’s fifty day moving average is $167.80 and its two-hundred day moving average is $183.55. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share 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 0.99%. The ex-dividend date was Friday, February 14th. Standex International’s payout ratio is currently 27.95%.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Standex International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after purchasing an additional 15,518 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Standex International by 2.1% during the 4th quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock worth $109,283,000 after buying an additional 11,774 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Standex International by 14.0% in the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after acquiring an additional 64,373 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock worth $64,817,000 after acquiring an additional 46,869 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Standex International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock valued at $59,314,000 after purchasing an additional 8,923 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

About Standex International

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.