Standex International Co. (NYSE:SXI - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock 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 research firms recently issued reports on SXI. StockNews.com lowered shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson boosted their price target on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. William Blair reiterated an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday. Finally, Roth Capital raised Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $231.33.
View Our Latest Stock Analysis on Standex International
Standex International Price Performance
The company has a market capitalization of $1.63 billion, a P/E ratio of 29.92, a PEG ratio of 2.63 and a beta of 0.95. The stock's fifty day simple moving average is $162.32 and its 200-day simple moving average is $181.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61.
Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. On average, equities analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.
Standex International Dividend Announcement
The business also recently disclosed 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 0.93%. Standex International's payout ratio is 27.95%.
Insider Buying and Selling
In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Standex International
A number of institutional investors have recently added to or reduced their stakes in SXI. Whipplewood Advisors LLC lifted its position in shares of Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after acquiring an additional 193 shares during the period. Versant Capital Management Inc raised its stake 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 valued at $56,000 after purchasing an additional 64 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 worth $96,000 after purchasing an additional 330 shares during the period. KBC Group NV boosted its stake in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock worth $102,000 after buying an additional 172 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Standex International by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock valued at $126,000 after buying an additional 157 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.
About Standex International
(
Get Free Report)
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.
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