Standex International (NYSE:SXI) Reaches New 12-Month Low - Should You Sell?

Shares of Standex International Co. (NYSE:SXI - Get Free Report) hit a new 52-week low on Wednesday . The company 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 subject of a number of research analyst reports. 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. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Friday. StockNews.com downgraded shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, DA Davidson upped their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $231.33.

Standex International Trading Up 9.8 %

The business's fifty day moving average is $158.04 and its 200-day moving average is $180.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The firm has a market cap of $1.89 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.03. The firm 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 company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. Analysts predict that Standex International Co. will post 7.9 EPS for the current year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.32 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.81%. Standex International's dividend payout ratio (DPR) is presently 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 that occurred 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 sale, the chief financial officer now owns 16,086 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC boosted its position in Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 193 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Standex International by 29.9% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc increased its holdings 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 worth $56,000 after purchasing an additional 64 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after buying an additional 330 shares during the period. 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.