Exchange Traded Concepts LLC raised its holdings in shares of IDEX Co. (NYSE:IEX – Free Report) by 31.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,914 shares of the industrial products company’s stock after purchasing an additional 2,582 shares during the quarter. Exchange Traded Concepts LLC’s holdings in IDEX were worth $2,284,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of IDEX by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after buying an additional 4,465 shares in the last quarter. Cerity Partners LLC lifted its stake in IDEX by 48.3% in the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 6,720 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in IDEX by 7.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock valued at $53,720,000 after purchasing an additional 16,504 shares during the period. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of IDEX by 17.3% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 27,805 shares of the industrial products company’s stock worth $5,964,000 after purchasing an additional 4,096 shares during the period. Finally, Covea Finance raised its position in shares of IDEX by 70.6% in the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock worth $3,035,000 after buying an additional 6,000 shares in the last quarter. 97.96% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on IEX. Stifel Nicolaus upped their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird lowered their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Citigroup cut their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada raised their price objective on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Three investment 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, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $242.86.
IDEX Trading Down 0.8 %
NYSE IEX opened at $220.22 on Monday. The firm has a market cap of $16.68 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. The stock has a 50-day moving average of $219.36 and a 200-day moving average of $211.38. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54.
IDEX (NYSE:IEX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating 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 business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 earnings per share. As a group, sell-side analysts forecast that IDEX Co. will post 7.89 EPS for the current year.
IDEX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, January 17th. IDEX’s dividend payout ratio (DPR) is currently 42.72%.
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.
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