Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Standex International Co. (NYSE:SXI)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Standex International Co. (NYSE:SXI) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,548 shares of the industrial products company’s stock after purchasing an additional 1,326 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Standex International worth $1,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Walleye Capital LLC acquired a new stake in shares of Standex International during the third quarter valued at about $250,000. State Street Corp increased its stake in shares of Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after purchasing an additional 3,844 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 330 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Standex International by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company’s stock worth $6,043,000 after purchasing an additional 276 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SXI has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. William Blair reiterated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.33.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Standex International Trading Down 0.4 %

Shares of SXI opened at $160.76 on Wednesday. The firm’s 50-day moving average is $182.42 and its two-hundred day moving average is $187.53. Standex International Co. has a twelve month low of $154.45 and a twelve month high of $212.66. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.91 billion, a P/E ratio of 35.10, a PEG ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, research analysts predict that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.80%. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

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.