Standex International (NYSE:SXI) Sets New 1-Year Low - Here's Why

Standex International Co. (NYSE:SXI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock 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 Upgrades and Downgrades

A number of research analysts have weighed in on SXI shares. William Blair reiterated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barrington Research reissued an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research report on Friday, February 28th. Finally, DA Davidson upped their price target on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $231.33.

Standex International Stock Performance

The company has a market capitalization of $1.59 billion, a P/E ratio of 29.17, a P/E/G ratio of 2.63 and a beta of 0.95. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The company's fifty day moving average is $176.86 and its 200 day moving average is $186.03.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping 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, equities analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, February 14th. Standex International's payout ratio is 27.95%.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Standex International

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after purchasing an additional 64 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 buying an additional 330 shares in the last quarter. KBC Group NV increased its holdings in shares of Standex International by 45.7% in 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 during the last quarter. Hanson & Doremus Investment Management raised its position in shares of Standex International by 117.4% during 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 in the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new stake in shares of Standex International during the 4th quarter worth $201,000. Hedge funds and other institutional investors 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.