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

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

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the transaction, the chief financial officer now owns 19,686 shares of the company’s stock, valued at approximately $3,575,765.04. This represents a 16.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International 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 completion of the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock worth $1,359,419 over the last three months. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Standex International

Institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC acquired a new position in Standex International in the third quarter valued at $250,000. Millennium Management LLC acquired a new stake in shares of Standex International in the 2nd quarter valued at about $4,299,000. State Street Corp grew its stake in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 lifted its stake in Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after buying an additional 4,281 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

SXI has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Tuesday. Benchmark lifted 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 Stock Down 1.9 %

Standex International stock traded down $3.47 during trading on Friday, reaching $183.10. The stock had a trading volume of 161,335 shares, compared to its average volume of 41,647. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. Standex International has a 52-week low of $141.90 and a 52-week high of $212.65. The stock has a market cap of $2.21 billion, a PE ratio of 30.02, a P/E/G ratio of 2.62 and a beta of 1.07. The business has a 50 day moving average price of $194.27 and a 200 day moving average price of $185.48.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 10.26% and a return on equity of 13.18%. On average, analysts predict that Standex International will post 7.84 EPS for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.70%. Standex International’s payout ratio is currently 20.98%.

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.