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

Standex International Co. (NYSE:SXI) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 192,300 shares, a drop of 21.4% from the March 15th total of 244,700 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 66,400 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

SXI has been the subject of a number of recent research reports. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson lifted their target price on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Barrington Research reissued an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Friday, February 28th. Finally, Roth Capital upgraded Standex International to a “strong-buy” rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $231.33.

Standex International Stock Down 0.1 %

Shares of NYSE SXI traded down $0.15 during trading hours on Friday, hitting $135.66. The company had a trading volume of 59,856 shares, compared to its average volume of 54,856. Standex International has a 1-year low of $130.05 and a 1-year high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $1.61 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The firm’s 50 day moving average is $167.80 and its 200-day moving average is $183.50.

Standex International (NYSE:SXI) last issued its quarterly 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 return on equity of 13.28% and a net margin of 7.59%. On average, analysts expect that Standex International will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.94%. Standex International’s payout ratio is currently 27.95%.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International 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 sale, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Standex International

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Standex International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after purchasing an additional 15,518 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Standex International by 2.1% during the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock valued at $109,283,000 after acquiring an additional 11,774 shares in the last quarter. Wasatch Advisors LP boosted its stake in Standex International by 14.0% during the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after purchasing an additional 64,373 shares during the last quarter. Ameriprise Financial Inc. increased its position in Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after acquiring an additional 46,869 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Standex International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock worth $59,314,000 after purchasing an additional 8,923 shares during the period. Institutional investors own 90.35% of the company’s stock.

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.