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

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

Standex International Price Performance

NYSE:SXI traded down $3.47 on Friday, hitting $183.10. The company had a trading volume of 161,335 shares, compared to its average volume of 41,647. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 30.02, a PEG 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. The firm has a 50 day moving average of $194.27 and a two-hundred day moving average of $185.46. Standex International has a 52 week low of $141.90 and a 52 week high of $212.65.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating the consensus estimate 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, research analysts anticipate that Standex International will post 7.84 earnings per share for the current year.

Standex International Announces Dividend

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

Analysts Set New Price Targets

SXI has been the subject of a number of recent analyst reports. Benchmark upped their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Tuesday, January 28th.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 3,800 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were 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 of the company’s stock, valued at $3,575,765.04. The trade was a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 7,061 shares of company stock valued at $1,359,419 in the last quarter. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Standex International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 72 shares during the period. Peterson Financial Group Inc. acquired a new position in Standex International in the 3rd quarter valued at approximately $44,000. Versant Capital Management Inc increased its position in Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 64 shares during the period. KBC Group NV increased its position in Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 172 shares during the period. Finally, US Bancorp DE increased its position in Standex International by 15.2% in the 3rd 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 during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.