Standex Int’l Corp. (NYSE:SXI) Short Interest Down 8.6% in September

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Standex Int’l Corp. (NYSE:SXI) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 141,600 shares, a decrease of 8.6% from the August 30th total of 155,000 shares. Based on an average trading volume of 83,200 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.2% of the company’s stock are sold short.

NYSE SXI traded up $0.67 during trading hours on Tuesday, reaching $71.64. 2,949 shares of the company traded hands, compared to its average volume of 71,088. Standex Int’l has a 12 month low of $59.28 and a 12 month high of $101.70. The company has a current ratio of 2.36, a quick ratio of 1.73 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $883.73 million, a PE ratio of 17.84 and a beta of 1.42. The company has a 50 day moving average of $71.73 and a two-hundred day moving average of $70.12.

Standex Int’l (NYSE:SXI) last posted its quarterly earnings data on Monday, August 26th. The industrial products company reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.10). Standex Int’l had a net margin of 8.58% and a return on equity of 10.92%. The company had revenue of $209.20 million for the quarter, compared to the consensus estimate of $207.38 million. During the same quarter last year, the company earned $1.60 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Standex Int’l will post 4.6 earnings per share for the current year.

A number of research analysts have commented on the stock. ValuEngine upgraded shares of Standex Int’l from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. William Blair reiterated a “market perform” rating on shares of Standex Int’l in a research note on Wednesday, August 28th. TheStreet upgraded shares of Standex Int’l from a “c+” rating to a “b-” rating in a research note on Monday, September 23rd. Finally, Zacks Investment Research downgraded shares of Standex Int’l from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Standex Int’l by 1.2% in the 2nd quarter. BlackRock Inc. now owns 1,877,589 shares of the industrial products company’s stock worth $137,326,000 after buying an additional 22,476 shares during the last quarter. FMR LLC lifted its position in shares of Standex Int’l by 11.0% in the 1st quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock worth $30,926,000 after buying an additional 41,723 shares during the last quarter. Northern Trust Corp lifted its position in shares of Standex Int’l by 1.0% in the 2nd quarter. Northern Trust Corp now owns 380,291 shares of the industrial products company’s stock worth $27,815,000 after buying an additional 3,580 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of Standex Int’l by 20.6% in the 2nd quarter. Copeland Capital Management LLC now owns 215,950 shares of the industrial products company’s stock worth $15,795,000 after buying an additional 36,896 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Standex Int’l by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 112,955 shares of the industrial products company’s stock worth $8,262,000 after buying an additional 2,874 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

Further Reading: Death Cross

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