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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Standex International Corporation (NYSE:SXI) by 32.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned about 0.17% of Standex International worth $7,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SXI. Cedar Mountain Advisors LLC bought a new position in shares of Standex International in the 1st quarter valued at about $29,000. Transamerica Financial Advisors LLC bought a new stake in Standex International during the second quarter worth approximately $42,000. UMB Bank n.a. increased its stake in Standex International by 132.7% during the fourth quarter. UMB Bank n.a. now owns 128 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Allworth Financial LP purchased a new stake in Standex International during the second quarter valued at approximately $46,000. Finally, State of Wyoming purchased a new stake in Standex International during the second quarter valued at approximately $46,000. 90.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Standex International news, CEO David Dunbar sold 13,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the transaction, the chief executive officer directly owned 75,973 shares of the company’s stock, valued at $22,094,467.86. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,150 shares of company stock worth $3,827,958 in the last ninety days. Corporate insiders own 2.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Standex International Price Performance

Shares of NYSE SXI opened at $274.54 on Tuesday. Standex International Corporation has a 52 week low of $197.65 and a 52 week high of $363.89. The business’s 50 day moving average price is $310.20 and its 200 day moving average price is $285.36. The company has a quick ratio of 1.84, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.33 billion, a P/E ratio of 31.67, a P/E/G ratio of 3.08 and a beta of 1.04.

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

Standex International Dividend Announcement

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

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.