33,164 Shares in Standex International Corporation $SXI Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Standex International Corporation (NYSE:SXI) in the second quarter, HoldingsChannel.com reports. The firm purchased 33,164 shares of the industrial products company’s stock, valued at approximately $11,862,000.

Several other large investors also recently bought and sold shares of SXI. Royal Bank of Canada boosted its holdings in Standex International by 110.7% in the first quarter. Royal Bank of Canada now owns 45,010 shares of the industrial products company’s stock valued at $7,263,000 after purchasing an additional 23,643 shares during the last quarter. AQR Capital Management LLC grew its stake in Standex International by 13.7% during the 1st quarter. AQR Capital Management LLC now owns 5,273 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 634 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Standex International by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,928 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 308 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Standex International by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,112 shares of the industrial products company’s stock worth $6,474,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Standex International by 902.1% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the industrial products company’s stock valued at $5,919,000 after purchasing an additional 33,016 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI opened at $309.28 on Friday. The company has a market cap of $3.75 billion, a P/E ratio of 35.67, a PEG ratio of 3.49 and a beta of 1.06. The stock has a fifty day moving average price of $316.80 and a 200 day moving average price of $282.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.84. Standex International Corporation has a 12 month low of $197.00 and a 12 month high of $363.89.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to the consensus estimate of $226.47 million. Standex International had a net margin of 11.73% and a return on equity of 14.47%. Standex International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS. On average, research analysts forecast that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio is 15.69%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Standex International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DA Davidson reaffirmed a “buy” rating and issued a $350.00 price target on shares of Standex International in a report on Thursday. Finally, Weiss Ratings downgraded shares of Standex International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Four equities research 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, the company has an average rating of “Moderate Buy” and an average price target of $298.67.

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.