Mitsubishi UFJ Asset Management Co. Ltd. Has $1.73 Million Position in Standex International Corporation (NYSE:SXI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Standex International Corporation (NYSE:SXI - Free Report) by 41.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,686 shares of the industrial products company's stock after acquiring an additional 3,138 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Standex International worth $1,725,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CenterBook Partners LP bought a new position in Standex International in the first quarter worth about $2,046,000. Cary Street Partners Financial LLC bought a new stake in shares of Standex International during the first quarter valued at approximately $549,000. Blair William & Co. IL bought a new stake in shares of Standex International during the first quarter valued at approximately $202,000. LPL Financial LLC raised its holdings in shares of Standex International by 92.1% during the first quarter. LPL Financial LLC now owns 9,232 shares of the industrial products company's stock valued at $1,490,000 after buying an additional 4,425 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in Standex International by 8.4% during the first quarter. Assetmark Inc. now owns 10,800 shares of the industrial products company's stock worth $1,743,000 after purchasing an additional 841 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SXI. Wall Street Zen cut Standex International from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. DA Davidson lifted their price objective on shares of Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. Finally, Roth Capital restated a "buy" rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a report on Monday, August 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $223.50.

Standex International Stock Down 0.6%

Shares of SXI stock traded down $1.17 on Friday, hitting $202.81. The company's stock had a trading volume of 101,322 shares, compared to its average volume of 138,572. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The firm's fifty day moving average price is $167.63 and its 200-day moving average price is $164.70. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 43.71, a P/E/G ratio of 2.58 and a beta of 1.11.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The business had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. During the same quarter in the previous year, the business earned $1.76 EPS. Standex International's quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. Standex International's payout ratio is currently 27.59%.

Insiders Place Their Bets

In other Standex International news, CEO David A. Dunbar sold 16,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief executive officer owned 115,576 shares of the company's stock, valued at $23,115,200. The trade was a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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.