Atom Investors LP Acquires 2,446 Shares of IDEX Co. (NYSE:IEX)

Atom Investors LP grew its position in IDEX Co. (NYSE:IEX) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,196 shares of the industrial products company’s stock after purchasing an additional 2,446 shares during the period. IDEX comprises about 1.1% of Atom Investors LP’s portfolio, making the stock its 7th largest position. Atom Investors LP owned about 0.06% of IDEX worth $10,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp raised its holdings in shares of IDEX by 3.3% in the second quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company’s stock valued at $45,047,000 after purchasing an additional 7,222 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of IDEX by 247.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock valued at $39,872,000 after purchasing an additional 141,064 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in shares of IDEX in the second quarter valued at about $3,627,000. Marshall Wace LLP raised its holdings in shares of IDEX by 162.1% in the second quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company’s stock valued at $20,433,000 after purchasing an additional 62,803 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised 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 valued at $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of NYSE:IEX opened at $230.63 on Monday. 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 capitalization of $17.46 billion, a PE ratio of 35.70, a P/E/G ratio of 2.44 and a beta of 0.96. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a 50-day moving average price of $217.66 and a two-hundred day moving average price of $208.15.

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

IDEX Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.20%. IDEX’s dividend payout ratio (DPR) is currently 42.72%.

Analyst Ratings Changes

IEX has been the subject of several analyst reports. Argus downgraded shares of IDEX from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their price target on shares of IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. DA Davidson reduced their price target on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. TD Cowen reduced their price target on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus increased their price target on shares of IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and a consensus target price 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.