UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 276 Shares of Standex International Co. (NYSE:SXI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Standex International Co. (NYSE:SXI) by 0.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,064 shares of the industrial products company’s stock after purchasing an additional 276 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Standex International worth $6,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Standex International by 19.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,388 shares of the industrial products company’s stock worth $985,000 after purchasing an additional 877 shares during the period. FMR LLC boosted its holdings in shares of Standex International by 23.4% during the 3rd quarter. FMR LLC now owns 1,928 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 365 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Standex International by 14.4% in the third quarter. Cerity Partners LLC now owns 7,642 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 963 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Standex International by 7.9% in the third quarter. Raymond James Trust N.A. now owns 4,740 shares of the industrial products company’s stock worth $866,000 after buying an additional 347 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after buying an additional 3,844 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI opened at $207.26 on Wednesday. Standex International Co. has a twelve month low of $137.90 and a twelve month high of $212.65. The company’s 50 day moving average is $192.87 and its 200 day moving average is $178.71. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.50 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05.

Standex International (NYSE:SXI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same quarter in the prior year, the firm posted $1.74 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.32 per share. This is a positive change from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.62%. Standex International’s dividend payout ratio (DPR) is 20.98%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Wednesday, October 30th. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Benchmark upped their price objective on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In related news, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ademir Sarcevic sold 3,800 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock valued at $1,359,419 in the last 90 days. 2.10% of the stock is owned by insiders.

Standex International Profile

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.