Mitsubishi UFJ Asset Management Co. Ltd. Buys 3,138 Shares of Standex International Corporation (NYSE:SXI)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Standex International Corporation (NYSE:SXI - Free Report) by 41.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,686 shares of the industrial products company's stock after buying an additional 3,138 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Standex International worth $1,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SXI. Whipplewood Advisors LLC lifted its position in Standex International by 965.0% in the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company's stock worth $34,000 after purchasing an additional 193 shares during the period. Whittier Trust Co. lifted its position in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company's stock worth $35,000 after purchasing an additional 69 shares during the period. TD Private Client Wealth LLC lifted its position in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company's stock worth $53,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc lifted its position in shares of Standex International by 25.9% during the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 78 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Standex International by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company's stock worth $126,000 after acquiring an additional 157 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SXI shares. Wall Street Zen lowered Standex International from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Roth Capital reissued a "buy" rating and set a $205.00 price objective (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. DA Davidson raised their price objective on Standex International from $200.00 to $219.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Barrington Research reissued an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $223.50.

Insider Activity

In other news, CEO David A. Dunbar sold 16,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $200.00, for a total value of $3,200,000.00. Following the sale, the chief executive officer directly owned 115,576 shares of the company's stock, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company's stock.

Standex International Stock Down 2.0%

Shares of SXI traded down $4.08 during mid-day trading on Thursday, reaching $204.04. The company's stock had a trading volume of 133,232 shares, compared to its average volume of 138,303. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $212.65. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 43.97, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. The business has a fifty day moving average of $166.65 and a 200 day moving average of $164.74.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.18. The business had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. Standex International's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 earnings per share. As a group, analysts forecast that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 8th. Standex International's dividend payout ratio (DPR) is currently 27.59%.

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.