Standex International Co. (NYSE:SXI) Short Interest Up 21.1% in May

Standex International Co. (NYSE:SXI - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 283,600 shares, an increase of 21.1% from the April 30th total of 234,100 shares. Based on an average daily volume of 77,600 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.4% of the company's stock are short sold.

Standex International Stock Performance

NYSE SXI traded up $0.47 on Friday, hitting $153.22. 177,531 shares of the company's stock were exchanged, compared to its average volume of 58,092. 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's 50-day moving average price is $147.10 and its two-hundred day moving average price is $174.72. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 2.63 and a beta of 1.08. Standex International has a fifty-two week low of $128.85 and a fifty-two week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The firm had revenue of $207.78 million for the quarter, compared to analyst estimates of $203.71 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. Standex International's quarterly revenue was up 17.2% on a year-over-year basis. On average, research analysts expect that Standex International will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. Standex International's dividend payout ratio is presently 25.30%.

Insider Buying and Selling

In other news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the sale, the director now owns 5,259 shares in the company, valued at approximately $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by company insiders.

Institutional Trading of Standex International

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Standex International by 65.1% during the 4th quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after acquiring an additional 31,560 shares during the period. Smartleaf Asset Management LLC increased its stake in Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 330 shares in the last quarter. Cetera Investment Advisers increased its stake in Standex International by 4.5% in the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company's stock valued at $727,000 after purchasing an additional 168 shares in the last quarter. Deutsche Bank AG raised its holdings in Standex International by 46.5% during the fourth quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company's stock worth $1,938,000 after purchasing an additional 3,289 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Standex International by 16.8% during the fourth quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company's stock worth $2,172,000 after purchasing an additional 1,673 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Analyst Ratings Changes

SXI has been the subject of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Wall Street Zen raised Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. DA Davidson decreased their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Roth Capital raised Standex International to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $223.33.

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.