UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Standex International Co. (NYSE:SXI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Standex International Co. (NYSE:SXI - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,603 shares of the industrial products company's stock after acquiring an additional 5,539 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of Standex International worth $7,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in shares of Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company's stock worth $98,066,000 after purchasing an additional 64,373 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Standex International during the 4th quarter valued at $11,296,000. Ameriprise Financial Inc. boosted its holdings in Standex International by 15.6% in the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company's stock worth $64,817,000 after buying an additional 46,869 shares during the period. Bryn Mawr Capital Management LLC bought a new position in Standex International in the 4th quarter worth $8,080,000. Finally, Norges Bank bought a new position in shares of Standex International in the fourth quarter worth about $7,122,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the sale, the director now directly owns 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is owned by company insiders.

Standex International Price Performance

Shares of NYSE:SXI traded up $1.25 during mid-day trading on Thursday, reaching $152.05. The stock had a trading volume of 78,347 shares, compared to its average volume of 57,606. 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 company has a market cap of $1.84 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. Standex International Co. has a 1 year low of $128.85 and a 1 year high of $212.66. The business's 50 day moving average price is $147.10 and its 200 day moving average price is $174.72.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The company had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. Research analysts expect that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.32 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. Standex International's dividend payout ratio is currently 25.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SXI shares. Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. Wall Street Zen raised Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. DA Davidson dropped their price objective on Standex International from $207.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. William Blair reaffirmed an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, Roth Capital raised Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Standex International currently has a consensus rating of "Buy" and a consensus target price of $223.33.

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.