Standex International (NYSE:SXI) Sees Large Volume Increase - Here's Why

Standex International Co. (NYSE:SXI - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 76,284 shares changed hands during trading, an increase of 32% from the previous session's volume of 57,885 shares.The stock last traded at $157.09 and had previously closed at $152.75.

Analyst Upgrades and Downgrades

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

Standex International Stock Up 0.5%

The firm's 50 day simple moving average is $146.95 and its 200 day simple moving average is $174.38. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) 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 business had revenue of $207.78 million during the quarter, compared to analyst estimates of $203.71 million. During the same period in the prior year, the company posted $1.75 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, May 9th. Standex International's dividend payout ratio (DPR) is 25.30%.

Insider Activity at Standex International

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 transaction of $55,426.15. Following the transaction, the director now owns 5,259 shares in the company, valued at $821,087.67. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Standex International

A number of institutional investors have recently added to or reduced their stakes in SXI. First Hawaiian Bank raised its stake in shares of Standex International by 23.3% in the 1st quarter. First Hawaiian Bank now owns 3,089 shares of the industrial products company's stock worth $499,000 after buying an additional 583 shares in the last quarter. Inspire Investing LLC boosted its stake in Standex International by 4.1% during the first quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company's stock valued at $401,000 after buying an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company's stock worth $50,000 after acquiring an additional 196 shares during the period. Jane Street Group LLC raised its position in Standex International by 902.1% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company's stock worth $5,919,000 after acquiring an additional 33,016 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Standex International by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company's stock worth $6,474,000 after acquiring an additional 1,509 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

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.