IDEX Co. (NYSE:IEX) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC raised its position in IDEX Co. (NYSE:IEX) by 2.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,486 shares of the industrial products company’s stock after buying an additional 61 shares during the quarter. Empirical Finance LLC’s holdings in IDEX were worth $533,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IEX. Price T Rowe Associates Inc. MD increased its stake in shares of IDEX by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock worth $1,943,609,000 after acquiring an additional 555,250 shares during the period. Van ECK Associates Corp boosted its holdings in IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after purchasing an additional 1,021,439 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of IDEX by 75.6% during the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock worth $104,179,000 after buying an additional 223,422 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of IDEX by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,672 shares of the industrial products company’s stock worth $94,698,000 after buying an additional 78,551 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in shares of IDEX by 4.8% in the third quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company’s stock valued at $93,640,000 after buying an additional 20,175 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.7 %

Shares of IDEX stock opened at $227.83 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. The business has a 50-day moving average of $212.21 and a 200-day moving average of $207.58. The company has a market capitalization of $17.25 billion, a PE ratio of 35.27, a P/E/G ratio of 2.41 and a beta of 0.96.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company had revenue of $798.20 million for the quarter, compared to the consensus estimate of $793.05 million. During the same period in the previous year, the business earned $2.12 EPS. IDEX’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts forecast that IDEX Co. will post 7.88 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, January 17th. IDEX’s payout ratio is currently 42.72%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IEX shares. TD Cowen cut their price objective on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Oppenheimer reduced their price objective on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. DA Davidson lowered their target price on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Robert W. Baird reduced their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Royal Bank of Canada upped their price target on IDEX from $236.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.14.

About IDEX

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.