Standex International (NYSE:SXI) Sees Large Volume Increase - Time to Buy?

Shares of Standex International Corporation (NYSE:SXI - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 295,892 shares were traded during trading, an increase of 376% from the previous session's volume of 62,205 shares.The stock last traded at $158.00 and had previously closed at $159.69.

Analysts Set New Price Targets

Several research firms have recently issued reports on SXI. William Blair reiterated 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. Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. DA Davidson cut their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Roth Capital raised Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Standex International presently has an average rating of "Buy" and a consensus target price of $223.33.

Standex International Stock Performance

The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.31 and a beta of 1.07. The company's 50-day simple moving average is $151.45 and its 200-day simple moving average is $168.91.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The company's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company posted $1.75 EPS. Analysts predict that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid 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 yield of 0.80%. Standex International's dividend payout ratio is currently 25.30%.

Insiders Place Their Bets

In related news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the transaction, the director now owns 5,259 shares of the company's stock, valued at approximately $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of Standex International

A number of hedge funds have recently modified their holdings of SXI. Whipplewood Advisors LLC grew its holdings in shares of Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock valued at $34,000 after buying an additional 193 shares in the last quarter. Whittier Trust Co. grew its stake in Standex International by 46.3% during the 1st quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Standex International by 173.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 196 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after purchasing an additional 76 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Standex International by 25.9% in the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock worth $61,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

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.