Mitsubishi UFJ Asset Management Co. Ltd. Has $2.44 Million Stake in Standex International Corporation $SXI

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Standex International Corporation (NYSE:SXI) by 46.0% in the 2nd quarter, Holdings Channel reports. The fund owned 15,606 shares of the industrial products company’s stock after purchasing an additional 4,920 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Standex International were worth $2,442,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SXI. Whittier Trust Co. grew its position in shares of Standex International by 46.3% in the 1st 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 during the period. Geneos Wealth Management Inc. raised its holdings in Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after buying an additional 196 shares during the period. Nisa Investment Advisors LLC lifted its stake in Standex International by 20.3% in the second quarter. Nisa Investment Advisors LLC now owns 651 shares of the industrial products company’s stock valued at $102,000 after buying an additional 110 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Standex International by 74.5% in the first quarter. Smartleaf Asset Management LLC now owns 890 shares of the industrial products company’s stock valued at $143,000 after buying an additional 380 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Standex International in the first quarter valued at approximately $144,000. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and set a $260.00 target price on shares of Standex International in a report on Monday, November 3rd. Roth Capital lifted their price target on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, DA Davidson increased their price objective on Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Standex International has an average rating of “Moderate Buy” and an average target price of $246.33.

Standex International Stock Down 1.5%

Shares of SXI stock opened at $231.27 on Friday. The firm’s fifty day moving average price is $222.09 and its two-hundred day moving average price is $186.92. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $247.16. The firm has a market capitalization of $2.80 billion, a P/E ratio of 49.84, a PEG ratio of 3.07 and a beta of 1.17.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $217.43 million during the quarter, compared to the consensus estimate of $215.96 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 EPS. On average, equities analysts predict that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.6%. This is a boost from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 7th. Standex International’s payout ratio is currently 31.19%.

Insider Buying and Selling

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director owned 8,439 shares of the company’s stock, valued at $1,709,741.40. The trade was a 26.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ademir Sarcevic sold 1,823 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.12, for a total value of $419,508.76. Following the sale, the chief financial officer owned 9,341 shares in the company, valued at approximately $2,149,550.92. This represents a 16.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,465 shares of company stock valued at $7,772,378 in the last ninety days. 2.52% of the stock is owned by company insiders.

Standex International 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.