Standex International Co. (NYSE:SXI) Short Interest Down 16.9% in January

Standex International Co. (NYSE:SXI) was the recipient 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 daily volume of 47,600 shares, the days-to-cover ratio is presently 4.3 days. Approximately 1.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

SXI has been the subject of a number of analyst reports. Benchmark upped their price objective on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barrington Research restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research note on Tuesday.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the completion of the sale, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. The trade was a 16.18 % decrease in their position. 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. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Standex International

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in 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 acquiring an additional 72 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Standex International during the 3rd quarter worth approximately $44,000. Versant Capital Management Inc grew its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares in the last quarter. KBC Group NV grew its position in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 172 shares in the last quarter. Finally, US Bancorp DE increased 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 purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

NYSE:SXI traded down $3.47 during trading hours on Friday, reaching $183.10. 161,335 shares of the company were exchanged, compared to its average volume of 41,647. The stock’s 50-day moving average is $194.27 and its 200-day moving average is $185.48. Standex International has a twelve month low of $141.90 and a twelve month high of $212.65. The firm has a market cap of $2.21 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07. 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 issued its quarterly 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 10.26% and a return on equity of 13.18%. On average, sell-side analysts anticipate that Standex International will post 7.84 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued 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 0.70%. 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.