Mitsubishi UFJ Asset Management Co. Ltd. Purchases 2,361 Shares of Standex International Corporation $SXI

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Standex International Corporation (NYSE:SXI) by 15.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,967 shares of the industrial products company’s stock after acquiring an additional 2,361 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Standex International worth $3,807,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SXI. Wasatch Advisors LP lifted its position in shares of Standex International by 62.4% during the 2nd quarter. Wasatch Advisors LP now owns 866,830 shares of the industrial products company’s stock worth $135,642,000 after purchasing an additional 332,941 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Standex International by 2.1% during the second quarter. Champlain Investment Partners LLC now owns 603,095 shares of the industrial products company’s stock worth $94,372,000 after buying an additional 12,544 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Standex International by 2.7% in the second quarter. Geode Capital Management LLC now owns 286,756 shares of the industrial products company’s stock valued at $44,877,000 after acquiring an additional 7,522 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Standex International by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,244 shares of the industrial products company’s stock valued at $51,778,000 after acquiring an additional 4,621 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Standex International by 17.9% in the third quarter. Voya Investment Management LLC now owns 165,146 shares of the industrial products company’s stock worth $34,994,000 after acquiring an additional 25,028 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SXI. DA Davidson upped their target price on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Barrington Research reiterated an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research note on Monday, February 2nd. Roth Mkm lifted their target price on Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Standex International currently has an average rating of “Moderate Buy” and an average price target of $281.33.

Insider Buying and Selling

In related news, Director Andy L. Nemeth acquired 2,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was purchased at an average cost of $245.00 per share, for a total transaction of $490,000.00. Following the completion of the purchase, the director directly owned 8,639 shares of the company’s stock, valued at $2,116,555. The trade was a 30.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vineet Kshirsagar sold 400 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the completion of the sale, the insider owned 4,647 shares in the company, valued at $1,208,684.70. This represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,013 shares of company stock worth $4,101,963 over the last 90 days. Corporate insiders own 2.52% of the company’s stock.

Standex International Price Performance

NYSE:SXI opened at $260.77 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.87. The company has a 50-day moving average of $245.33 and a 200-day moving average of $231.11. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $270.87. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 58.47 and a beta of 1.09.

Standex International (NYSE:SXI) last posted its earnings results on Friday, January 30th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The business had revenue of $221.32 million for the quarter, compared to analysts’ expectations of $219.22 million. Standex International had a net margin of 6.20% and a return on equity of 14.29%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. As a group, equities research analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Standex International’s dividend payout ratio is presently 30.49%.

About Standex International

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.