Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Standex International Co. (NYSE:SXI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Standex International Co. (NYSE:SXI) by 21.3% during the fourth quarter, HoldingsChannel reports. The firm owned 7,548 shares of the industrial products company’s stock after buying an additional 1,326 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Standex International were worth $1,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 64 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 330 shares during the period. KBC Group NV boosted its stake in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 172 shares during the period. Hanson & Doremus Investment Management increased its stake in Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock worth $173,000 after buying an additional 500 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new position in Standex International in the 4th quarter worth $201,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Trading Down 0.4 %

Shares of NYSE SXI opened at $160.76 on Wednesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 35.10, a PEG ratio of 2.63 and a beta of 1.02. The stock’s 50 day moving average price is $182.42 and its two-hundred day moving average price is $187.53. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International Co. has a 52-week low of $154.45 and a 52-week high of $212.66.

Standex International (NYSE:SXI) last released its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.80%. Standex International’s dividend payout ratio is currently 27.95%.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson raised their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Standex International has a consensus rating of “Moderate Buy” and a consensus price target of $231.33.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

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.