1,418 Shares in IDEX Co. (NYSE:IEX) Acquired by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in IDEX Co. (NYSE:IEX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,418 shares of the industrial products company's stock, valued at approximately $297,000.

Other hedge funds have also bought and sold shares of the company. Studio Investment Management LLC grew its position in shares of IDEX by 4.9% during the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 45 shares during the period. EverSource Wealth Advisors LLC grew its holdings in IDEX by 19.9% in the second quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 57 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after buying an additional 59 shares in the last quarter. Diversified Trust Co raised its stake in shares of IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock worth $1,300,000 after buying an additional 59 shares during the period. Finally, Empirical Finance LLC lifted its position in shares of IDEX by 2.5% during the 3rd quarter. Empirical Finance LLC now owns 2,486 shares of the industrial products company's stock valued at $533,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IEX. Royal Bank of Canada upped their price objective on shares of IDEX from $248.00 to $258.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Citigroup reduced their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Robert W. Baird lowered their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $242.86.

IDEX Price Performance

IEX traded down $1.60 during trading on Friday, reaching $215.67. The company's stock had a trading volume of 476,263 shares, compared to its average volume of 467,803. 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 fifty day simple moving average of $220.31 and a two-hundred day simple moving average of $210.34. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.03 and a beta of 0.97. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. 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 firm earned $2.12 earnings per share. IDEX's quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that IDEX Co. will post 7.89 EPS for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.28%. IDEX's dividend payout ratio is presently 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.