Standex International (NYSE:SXI) Reaches New 1-Year Low - What's Next?

Standex International Co. (NYSE:SXI - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $138.34 and last traded at $141.38, with a volume of 102084 shares changing hands. The stock had previously closed at $142.36.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. DA Davidson boosted 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. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Barrington Research restated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research report on Friday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $231.33.

Standex International Stock Performance

The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 2.63 and a beta of 1.08. 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 moving average of $157.47 and a 200 day moving average of $180.65.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 EPS. As a group, analysts anticipate 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. Stockholders of record on Friday, May 9th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.28 annualized dividend and a dividend yield of 0.81%. Standex International's payout ratio is 25.30%.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business's 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 sale, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SXI. Versant Capital Management Inc raised its position in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock worth $761,000 after purchasing an additional 66 shares during the period. Whittier Trust Co. increased its holdings in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after buying an additional 76 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of Standex International by 6.8% during the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock worth $228,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds 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.