Standex International Co. (NYSE:SXI) Sees Large Drop in Short Interest

Standex International Co. (NYSE:SXI - Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 205,500 shares, a decline of 16.9% from the December 31st total of 247,400 shares. Currently, 1.7% of the company's shares are sold short. Based on an average trading volume of 47,600 shares, the days-to-cover ratio is currently 4.3 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SXI shares. 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 note on Tuesday. Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Monday. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Benchmark raised their target price on Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th.

Standex International Trading Up 1.4 %

SXI stock traded up $2.70 during trading on Wednesday, reaching $194.61. 40,701 shares of the stock traded hands, compared to its average volume of 55,463. The business's 50 day moving average price is $193.45 and its 200-day moving average price is $185.59. Standex International has a 52-week low of $149.11 and a 52-week high of $212.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The firm has a market capitalization of $2.35 billion, a PE ratio of 42.53, a P/E/G ratio of 2.59 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.40% and a net margin of 7.59%. As a group, sell-side analysts forecast that Standex International will post 7.84 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, February 14th. Standex International's payout ratio is 27.95%.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now owns 11,431 shares in the company, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Standex International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in Standex International in the 3rd quarter valued at $250,000. Millennium Management LLC acquired a new position in Standex International in the second quarter valued at about $4,299,000. State Street Corp grew its stake in Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after acquiring an additional 23,786 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Standex International by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock worth $26,299,000 after buying an additional 3,844 shares during the period. Finally, Copeland Capital Management LLC boosted its position in shares of Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock worth $101,670,000 after buying an additional 4,281 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

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.