Assenagon Asset Management S.A. Has $14.41 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Assenagon Asset Management S.A. grew its holdings in IDEX Co. (NYSE:IEX - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,860 shares of the industrial products company's stock after purchasing an additional 1,210 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of IDEX worth $14,412,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Catalyst Capital Advisors LLC increased its position in shares of IDEX by 73.8% in the 3rd 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. Assetmark Inc. bought a new position in IDEX during the 3rd quarter worth about $39,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of IDEX by 100.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of IDEX by 19.9% during the second quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company's stock worth $72,000 after buying an additional 57 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of IDEX during the third quarter worth about $86,000. Institutional investors and hedge funds own 97.96% of the company's stock.

Analyst Ratings Changes

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

IDEX Stock Performance

NYSE IEX traded down $1.60 on Friday, hitting $215.67. 476,263 shares of the stock were exchanged, compared to its average volume of 467,803. The business's fifty day moving average is $220.31 and its 200 day moving average is $210.34. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36. The company has a market capitalization of $16.33 billion, a PE ratio of 33.39, a P/E/G ratio of 2.03 and a beta of 0.97. 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 (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. During the same period last year, the business posted $2.12 EPS. IDEX's revenue was up .6% on a year-over-year basis. Research analysts anticipate that IDEX Co. will post 7.89 EPS for the current fiscal year.

IDEX Dividend Announcement

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