Standex International (NYSE:SXI) Reaches New 52-Week Low - Here's Why

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com downgraded 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 company a "buy" rating in a research report on Tuesday, February 4th. William Blair reaffirmed an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research report on Friday. One equities research 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. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $231.33.

Standex International Stock Performance

The stock has a market capitalization of $1.62 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.63 and a beta of 0.95. 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 stock has a 50 day simple moving average of $163.38 and a two-hundred day simple moving average of $182.22.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, equities analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.94%. Standex International's payout ratio is currently 27.95%.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction on Monday, February 10th. The shares were 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 directly owns 16,086 shares of the company's stock, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of Standex International

Several hedge funds and other institutional investors have recently modified their holdings of SXI. Diversified Trust Co lifted its position in Standex International by 6.0% during the first quarter. Diversified Trust Co now owns 6,222 shares of the industrial products company's stock worth $1,004,000 after acquiring an additional 350 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Standex International by 5.2% during the first quarter. Bessemer Group Inc. now owns 12,246 shares of the industrial products company's stock worth $1,977,000 after purchasing an additional 602 shares during the period. apricus wealth LLC lifted its holdings in Standex International by 41.0% during the 1st quarter. apricus wealth LLC now owns 2,251 shares of the industrial products company's stock worth $363,000 after purchasing an additional 654 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Standex International by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after purchasing an additional 157 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Standex International by 12.2% in the 1st quarter. Handelsbanken Fonder AB now owns 143,500 shares of the industrial products company's stock valued at $23,159,000 after purchasing an additional 15,600 shares during the period. 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.