UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Standex International Corporation $SXI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Standex International Corporation (NYSE:SXI) by 32.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,328 shares of the industrial products company’s stock after selling 9,596 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Standex International were worth $7,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SXI. UMB Bank n.a. boosted its stake in shares of Standex International by 132.7% in the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in Standex International during the 1st quarter worth approximately $29,000. Simplex Trading LLC purchased a new stake in Standex International during the 4th quarter worth approximately $35,000. Finally, State of Wyoming acquired a new stake in Standex International during the 1st quarter worth approximately $37,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Trading Down 0.4%

NYSE SXI opened at $274.54 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.84 and a current ratio of 2.40. The firm has a market cap of $3.33 billion, a PE ratio of 31.67, a P/E/G ratio of 3.08 and a beta of 1.04. Standex International Corporation has a one year low of $197.65 and a one year high of $363.89. The firm’s fifty day moving average is $310.20 and its two-hundred day moving average is $285.36.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.10. The firm had revenue of $228.25 million for the quarter, compared to analyst estimates of $226.47 million. Standex International had a return on equity of 14.47% and a net margin of 11.73%.The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $2.28 earnings per share. Analysts expect that Standex International Corporation will post 9.96 earnings per share for the current year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 7th. Standex International’s dividend payout ratio (DPR) is 15.69%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SXI shares. DA Davidson reissued a “buy” rating and issued a $350.00 price target on shares of Standex International in a research report on Thursday, August 20th. Zacks Research upgraded Standex International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Standex International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $298.67.

Insider Activity

In other news, CEO David Dunbar sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the completion of the sale, the chief executive officer owned 75,973 shares in the company, valued at $22,094,467.86. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,150 shares of company stock valued at $3,827,958 over the last quarter. Insiders own 2.52% of the company’s stock.

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.