33,164 Shares in Standex International Corporation $SXI Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management acquired 33,164 shares of Standex International, worth approximately $11.9 million, giving it a 0.27% stake. Institutional investors collectively own 90.35% of the company.
• Standex reported quarterly EPS of $2.45, beating estimates of $2.35, while revenue rose 2.8% year over year to $228.25 million. Analysts expect full-year EPS of $9.96.
• The company declared a quarterly dividend of $0.34 per share, equivalent to a $1.36 annualized payout and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus, with a target price of $298.67.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Standex International Corporation (NYSE:SXI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,164 shares of the industrial products company's stock, valued at approximately $11,862,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.27% of Standex International at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SXI. Wasatch Advisors LP increased its holdings in Standex International by 61.3% during the 4th quarter. Wasatch Advisors LP now owns 1,369,859 shares of the industrial products company's stock worth $297,643,000 after purchasing an additional 520,506 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Standex International by 23.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 392,820 shares of the industrial products company's stock worth $85,352,000 after buying an additional 74,599 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Standex International by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 281,603 shares of the industrial products company's stock worth $61,195,000 after buying an additional 798 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Standex International by 73.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 223,581 shares of the industrial products company's stock worth $48,580,000 after buying an additional 94,415 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Standex International by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 207,608 shares of the industrial products company's stock worth $43,992,000 after buying an additional 6,092 shares during the period. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Price Performance

Shares of SXI opened at $309.28 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.84 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average is $316.80 and its two-hundred day moving average is $282.14. Standex International Corporation has a twelve month low of $197.00 and a twelve month high of $363.89. The firm has a market capitalization of $3.75 billion, a PE ratio of 35.67, a P/E/G ratio of 3.49 and a beta of 1.06.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.10. Standex International had a net margin of 11.73% and a return on equity of 14.47%. The business had revenue of $228.25 million during the quarter, compared to the consensus estimate of $226.47 million. During the same quarter last year, the firm posted $2.28 EPS. The business's revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 0.4%. Standex International's payout ratio is presently 15.69%.

Wall Street Analyst Weigh In

Several research firms recently commented on SXI. Zacks Research raised Standex International from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Weiss Ratings downgraded Standex International from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. Finally, DA Davidson reaffirmed a "buy" rating and set a $350.00 price objective on shares of Standex International in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Standex International currently has a consensus rating of "Moderate Buy" and a consensus target price of $298.67.

Standex International Profile

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.

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