Standex International Co. (NYSE:SXI) Short Interest Down 21.4% in August

Standex International Co. (NYSE:SXI) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 172,400 shares, a drop of 21.4% from the August 15th total of 219,400 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 51,700 shares, the short-interest ratio is presently 3.3 days.

Standex International Price Performance

NYSE:SXI traded up $2.10 on Tuesday, reaching $174.50. 67,656 shares of the company’s stock traded hands, compared to its average volume of 59,055. The firm has a market cap of $2.08 billion, a PE ratio of 28.26, a P/E/G ratio of 2.43 and a beta of 1.03. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $174.56 and a 200-day simple moving average of $171.90. Standex International has a 12 month low of $130.04 and a 12 month high of $191.18.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.04. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $181.35 million. During the same period in the previous year, the firm earned $1.76 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. Equities research analysts forecast that Standex International will post 7.67 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. Standex International’s payout ratio is 19.42%.

Analyst Ratings Changes

A number of brokerages have recently commented on SXI. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Barrington Research reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Standex International in a research report on Tuesday, May 28th. DA Davidson increased their price target on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Standex International in a report on Friday, August 2nd.

Institutional Investors Weigh In On Standex International

Several large investors have recently made changes to their positions in SXI. Vanguard Group Inc. raised its stake in Standex International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company’s stock valued at $224,255,000 after purchasing an additional 9,166 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Standex International by 4.6% during the 1st quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock valued at $116,104,000 after buying an additional 27,990 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of Standex International in the 1st quarter valued at about $52,565,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Standex International by 0.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 254,841 shares of the industrial products company’s stock worth $41,068,000 after acquiring an additional 771 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Standex International by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company’s stock worth $29,836,000 after acquiring an additional 10,670 shares during the last quarter. 90.35% of the stock is owned by 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.