Standex International Co. (NYSE:SXI) Short Interest Up 23.0% in February

Standex International Co. (NYSE:SXI - Get Free Report) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 255,300 shares, an increase of 23.0% from the January 31st total of 207,600 shares. Based on an average trading volume of 53,600 shares, the short-interest ratio is currently 4.8 days. Currently, 2.2% of the shares of the stock are short sold.

Standex International Stock Up 1.6 %

NYSE SXI traded up $2.93 during mid-day trading on Friday, hitting $186.27. The company's stock had a trading volume of 49,218 shares, compared to its average volume of 54,746. The company's 50 day simple moving average is $187.58 and its 200 day simple moving average is $187.50. Standex International has a twelve month low of $154.45 and a twelve month high of $212.65. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.63 and a beta of 1.02.

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 (EPS) 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%. Analysts anticipate that Standex International will post 7.9 earnings per share for the current year.

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Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.32 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. Standex International's payout ratio is presently 27.95%.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Standex International

Hedge funds and other institutional investors have recently modified their holdings of the business. Peterson Financial Group Inc. purchased a new position in shares of Standex International in the 3rd quarter worth approximately $44,000. Versant Capital Management Inc boosted its stake 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 buying an additional 64 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock worth $96,000 after buying an additional 330 shares during the last quarter. KBC Group NV boosted its stake in shares of Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company's stock worth $102,000 after buying an additional 172 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Standex International by 15.2% in the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock worth $114,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SXI shares. Barrington Research reissued an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. DA Davidson boosted their target price on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd.

About Standex International

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.