A Reversal for Standex International Corporation (SXI) Is Not Near. The Formed Ascending Triangle Pattern

August 18, 2018 - By Carol Mulligan

Investors sentiment is 1.67 in Q1 2018. Its the same as in 2017Q4. It is flat, as 11 investors sold Standex International Corporation shares while 34 reduced holdings. only 21 funds opened positions while 54 raised stakes. 10.11 million shares or 0.46% more from 10.06 million shares in 2017Q4 were reported.
Huntington Bank & Trust accumulated 1,125 shares. Swiss State Bank holds 0% or 22,200 shares. Smithfield Trust Company holds 35 shares or 0% of its portfolio. 553 were reported by Pub Employees Retirement System Of Ohio. Northern Tru has invested 0.01% in Standex International Corporation (NYSE:SXI). The Pennsylvania-based Sei Invests has invested 0% in Standex International Corporation (NYSE:SXI). Thrivent Fin For Lutherans owns 23,927 shares. Clark Cap Mngmt Grp Inc holds 0.05% or 16,624 shares in its portfolio. Amundi Pioneer Asset Mgmt stated it has 24,400 shares or 0% of all its holdings. Louisiana State Employees Retirement Sys stated it has 5,700 shares or 0.02% of all its holdings. Moreover, Tower Limited Com (Trc) has 0.05% invested in Standex International Corporation (NYSE:SXI) for 6,368 shares. Bancorporation Of America De invested in 0% or 30,518 shares. 13,000 were accumulated by Credit Agricole S A. Ny State Teachers Retirement Systems holds 0.01% in Standex International Corporation (NYSE:SXI) or 44,876 shares. Vanguard Group Inc has 1.23M shares.

Since March 7, 2018, it had 0 insider buys, and 4 selling transactions for $1.19 million activity. $80,913 worth of stock was sold by CHORMAN THOMAS E on Tuesday, May 22. FICKENSCHER GERALD H sold $203,300 worth of stock. On Monday, March 26 the insider Dunbar David A. sold $405,702.

The stock of Standex International Corporation (SXI) formed an ascending triangle with $100.86 target or 7.00 % below today’s $108.45 share price. The 5 months triangle pattern indicates high risk for the $1.39 billion company. If the $100.86 price target is reached, the company will be worth $97.44 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.60% or $0.65 during the last trading session, reaching $108.45. About 72,903 shares traded or 115.60% up from the average. Standex International Corporation (NYSE:SXI) has risen 15.60% since August 18, 2017 and is uptrending. It has outperformed by 3.03% the S&P500.

Analysts await Standex International Corporation (NYSE:SXI) to report earnings on August, 27. They expect $1.59 earnings per share, up 13.57 % or $0.19 from last year’s $1.4 per share. SXI’s profit will be $20.41 million for 17.05 P/E if the $1.59 EPS becomes a reality. After $1.11 actual earnings per share reported by Standex International Corporation for the previous quarter, Wall Street now forecasts 43.24 % EPS growth.

Standex International Corporation (NYSE:SXI) Ratings Coverage

Among 3 analysts covering Standex International Corp (NYSE:SXI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Standex International Corp had 3 analyst reports since April 2, 2018 according to SRatingsIntel. Sidoti upgraded Standex International Corporation (NYSE:SXI) on Monday, April 2 to “Buy” rating. As per Monday, May 21, the company rating was maintained by FBR Capital. The stock of Standex International Corporation (NYSE:SXI) has “Hold” rating given on Monday, April 9 by William Blair.

Standex International Corporation manufactures and sells various services and products for commercial and industrial markets in the United States and internationally. The company has market cap of $1.39 billion. The company??s Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, countertop merchandisers, cook and hold units, rotisseries, pressure fryers, deep fryers, baking equipment, pump systems, and display cases. It has a 36.28 P/E ratio. The Company’s Engraving segment provides mold texturizing and slush molding tools; and roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machineries, as well as project management and design services.

Standex International Corporation (NYSE:SXI) Institutional Positions Chart

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