Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Standex International Corporation (NYSE:SXI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Standex International Corporation (NYSE:SXI) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,759 shares of the industrial products company’s stock, valued at approximately $445,000.

A number of other large investors also recently made changes to their positions in the company. Whittier Trust Co. raised its position in shares of Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. TD Private Client Wealth LLC grew its stake in Standex International by 29.9% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock worth $53,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc grew its stake in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock worth $61,000 after buying an additional 78 shares in the last quarter. Moody National Bank Trust Division grew its stake in Standex International by 6.8% in the 1st quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company’s stock worth $228,000 after buying an additional 90 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its holdings in shares of Standex International by 3.4% in the 4th quarter. Keeley Teton Advisors LLC now owns 3,022 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 99 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the transaction, the director owned 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

Standex International Stock Performance

Shares of SXI stock opened at $181.23 on Monday. Standex International Corporation has a one year low of $128.85 and a one year high of $212.65. The company’s 50-day moving average is $158.68 and its 200 day moving average is $164.13. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.56 and a current ratio of 3.40.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.18. The firm had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 14.15%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. Sell-side analysts expect that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 8th. Standex International’s dividend payout ratio (DPR) is presently 25.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SXI shares. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Tuesday, July 29th. Roth Capital upgraded shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Saturday. Finally, DA Davidson decreased their price objective on shares of Standex International from $207.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Standex International has an average rating of “Buy” and a consensus target price of $223.33.

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.