UBS Group AG Increases Stock Position in Standex International Corporation $SXI

UBS Group AG grew its holdings in shares of Standex International Corporation (NYSE:SXI) by 66.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,443 shares of the industrial products company’s stock after buying an additional 36,634 shares during the period. UBS Group AG’s holdings in Standex International were worth $19,869,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Standex International during the 3rd quarter valued at about $28,000. AlphaQuest LLC grew its holdings in Standex International by 72.8% in the third quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 83 shares during the period. Financial Consulate Inc. increased its stake in shares of Standex International by 84.7% during the fourth quarter. Financial Consulate Inc. now owns 218 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Huntington National Bank increased its stake in shares of Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 82 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Standex International by 500.0% during the third quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 210 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Vineet Kshirsagar sold 400 shares of Standex International stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $260.10, for a total transaction of $104,040.00. Following the transaction, the insider owned 4,647 shares in the company, valued at approximately $1,208,684.70. The trade was a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Dunbar sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $255.94, for a total transaction of $3,839,100.00. Following the completion of the transaction, the chief executive officer directly owned 88,973 shares of the company’s stock, valued at $22,771,749.62. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,013 shares of company stock worth $4,102,367 over the last three months. 2.52% of the stock is currently owned by company insiders.

Standex International Stock Performance

SXI stock opened at $259.89 on Tuesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.38 and a beta of 1.09. Standex International Corporation has a 12-month low of $144.62 and a 12-month high of $284.71. The company has a current ratio of 3.05, a quick ratio of 2.23 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $262.75 and its 200 day simple moving average is $248.00.

Standex International (NYSE:SXI) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). Standex International had a return on equity of 14.38% and a net margin of 11.18%.The business had revenue of $224.60 million during the quarter, compared to the consensus estimate of $225.16 million. During the same period in the previous year, the business posted $1.95 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts forecast that Standex International Corporation will post 8.59 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 8th. Standex International’s dividend payout ratio is presently 16.57%.

Analysts Set New Price Targets

SXI has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $323.00 price objective on shares of Standex International in a research report on Monday, May 4th. Zacks Research cut Standex International from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Standex International from a “hold (c)” rating to a “buy (b)” rating in a report on Thursday. Roth Mkm upped their price target on shares of Standex International from $260.00 to $286.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.67.

Standex International Profile

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.