Universal Beteiligungs und Servicegesellschaft mbH Takes $445,000 Position in Standex International Corporation (NYSE:SXI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Standex International Corporation (NYSE:SXI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,759 shares of the industrial products company's stock, valued at approximately $445,000.

Several other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of Standex International by 21.6% in the 4th quarter. LPL Financial LLC now owns 4,807 shares of the industrial products company's stock worth $899,000 after purchasing an additional 853 shares during the period. JPMorgan Chase & Co. raised its stake in Standex International by 65.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company's stock valued at $14,965,000 after buying an additional 31,560 shares during the last quarter. Norges Bank acquired a new stake in Standex International during the 4th quarter worth about $7,122,000. Pictet Asset Management Holding SA boosted its holdings in shares of Standex International by 29.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,628 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 367 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of Standex International during the 4th quarter valued at approximately $482,000. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction dated 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 directly owned 5,259 shares of the company's stock, valued at $821,087.67. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SXI shares. DA Davidson increased their target price on Standex International from $200.00 to $219.00 and gave the company a "buy" rating in a report on Monday. Roth Capital restated a "buy" rating and issued a $205.00 price target (up previously from $175.00) on shares of Standex International in a research note on Monday. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Standex International from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Standex International currently has a consensus rating of "Moderate Buy" and a consensus target price of $223.50.

Standex International Stock Performance

Shares of SXI stock traded up $6.27 on Monday, hitting $187.43. 223,336 shares of the stock traded hands, compared to its average volume of 127,006. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.40 and a quick ratio of 2.56. The company's fifty day moving average is $159.51 and its 200 day moving average is $164.11. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $212.65. The company has a market capitalization of $2.26 billion, a PE ratio of 40.39, a PEG ratio of 2.32 and a beta of 1.11.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) 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 analysts' expectations of $214.44 million. Standex International had a return on equity of 14.15% and a net margin of 7.06%. The company's quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 EPS. On average, equities research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a $0.32 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.7%. Standex International's payout ratio is presently 27.59%.

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.