Standex International (NYSE:SXI) Sees Unusually-High Trading Volume - What's Next?

Standex International Co. (NYSE:SXI - Get Free Report) saw strong trading volume on Friday . 76,284 shares were traded 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.

Wall Street Analysts Forecast Growth

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

Standex International Price Performance

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 market cap of $1.89 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 2.63 and a beta of 1.07. The business's 50-day moving average price is $146.82 and its two-hundred day moving average price is $173.68.

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

Standex International Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, May 9th. Standex International's dividend payout ratio (DPR) is 25.30%.

Insider Activity

In related news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the sale, the director now directly owns 5,259 shares in the company, valued at $821,087.67. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System raised its stake in shares of Standex International by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 4,069 shares of the industrial products company's stock valued at $761,000 after purchasing an additional 66 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Standex International by 46.3% during the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Standex International by 29.9% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Standex International by 25.9% during the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 78 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Standex International by 6.8% during the first quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 90 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

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.