Standex International Co. (NYSE:SXI) Sees Significant Decline in Short Interest

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

Standex International Stock Performance

NYSE SXI traded up $5.52 on Monday, reaching $188.22. 111,960 shares of the stock were exchanged, compared to its average volume of 54,531. Standex International has a one year low of $147.12 and a one year high of $212.65. The firm has a market capitalization of $2.27 billion, a PE ratio of 41.10, a PEG ratio of 2.59 and a beta of 1.07. The company’s 50-day simple moving average is $193.80 and its two-hundred day simple moving average is $185.52. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. Analysts expect that Standex International will post 7.84 EPS for the current fiscal year.

Standex International Announces Dividend

The business 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 $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. Standex International’s dividend payout ratio is presently 27.95%.

Insider Activity at Standex International

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

Institutional Trading of Standex International

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Standex International during the third quarter worth $44,000. Versant Capital Management Inc lifted its position in shares of Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 64 shares during the last quarter. KBC Group NV lifted its position in shares of 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 purchasing an additional 172 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 82 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SXI has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Monday. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Benchmark upped their target price on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

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.