IDEX Co. (NYSE:IEX) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its stake in IDEX Co. (NYSE:IEX) by 844.4% during the third quarter, Holdings Channel.com reports. The firm owned 62,756 shares of the industrial products company’s stock after purchasing an additional 56,111 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in IDEX were worth $13,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wahed Invest LLC increased its stake in shares of IDEX by 10.4% during the third quarter. Wahed Invest LLC now owns 1,838 shares of the industrial products company’s stock worth $394,000 after buying an additional 173 shares during the period. State Street Corp increased its position in shares of IDEX by 0.5% in the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock valued at $647,356,000 after purchasing an additional 15,077 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of IDEX by 34.0% in the 3rd quarter. Quantinno Capital Management LP now owns 3,596 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 913 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of IDEX by 2.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 32,584 shares of the industrial products company’s stock valued at $6,989,000 after acquiring an additional 833 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of IDEX during the 3rd quarter worth about $22,158,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

NYSE IEX opened at $229.71 on Friday. The business’s 50-day moving average price is $219.43 and its 200 day moving average price is $208.51. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The firm has a market cap of $17.39 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.41 and a beta of 0.96. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share. On average, equities research analysts expect that IDEX Co. will post 7.89 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, January 17th. IDEX’s payout ratio is 42.72%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IEX shares. Robert W. Baird lowered their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada increased their target price on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday. Argus cut IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus raised their price target on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus price target of $242.57.

IDEX Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.