Short Interest in Standex International Co. (NYSE:SXI) Decreases By 21.4%

Standex International Co. (NYSE:SXI) saw a significant 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. Based on an average trading volume of 66,400 shares, the short-interest ratio is currently 2.9 days. Approximately 1.7% of the company’s stock are short sold.

Insider Activity

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SXI. apricus wealth LLC boosted its stake in Standex International by 41.0% during the 1st quarter. apricus wealth LLC now owns 2,251 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 654 shares in the last quarter. Fifth Third Bancorp grew its holdings in Standex International by 25.2% during the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 157 shares during the period. Handelsbanken Fonder AB raised its position in Standex International by 12.2% in the first quarter. Handelsbanken Fonder AB now owns 143,500 shares of the industrial products company’s stock worth $23,159,000 after acquiring an additional 15,600 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Standex International by 53.3% in the 1st quarter. SG Americas Securities LLC now owns 1,924 shares of the industrial products company’s stock valued at $311,000 after acquiring an additional 669 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Standex International by 5.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 11,864 shares of the industrial products company’s stock valued at $1,915,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Performance

Shares of SXI stock traded down $5.38 during trading hours on Monday, reaching $130.85. The stock had a trading volume of 79,702 shares, compared to its average volume of 54,956. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The firm has a 50-day simple moving average of $166.61 and a 200-day simple moving average of $183.19. The firm has a market capitalization of $1.56 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. Standex International has a twelve month low of $128.80 and a twelve month high of $212.66.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, equities analysts forecast that Standex International will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SXI shares. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Friday, February 28th. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. William Blair restated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. DA Davidson boosted 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. Finally, Roth Capital upgraded shares of Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $231.33.

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.