B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 5,900 IDEX Co. (NYSE:IEX)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of IDEX Co. (NYSE:IEX - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,900 shares of the industrial products company's stock, valued at approximately $1,266,000.

Several other hedge funds also recently modified their holdings of the business. UMB Bank n.a. increased its stake in IDEX by 31.0% during the second quarter. UMB Bank n.a. now owns 241 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 in the last quarter. Whittier Trust Co. lifted its position in IDEX by 38.4% in the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $42,000 after purchasing an additional 58 shares during the period. Catalyst Capital Advisors LLC boosted its stake in IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock worth $30,000 after buying an additional 59 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in IDEX by 1.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 6,476 shares of the industrial products company's stock valued at $1,303,000 after buying an additional 61 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

Shares of NYSE:IEX traded up $5.05 during midday trading on Friday, reaching $232.50. The company's stock had a trading volume of 409,966 shares, compared to its average volume of 701,295. The business's fifty day simple moving average is $215.08 and its 200-day simple moving average is $207.96. 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 fifty-two week low of $189.51 and a fifty-two week high of $246.36. The company has a market capitalization of $17.61 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.40 and a beta of 0.96.

IDEX (NYSE:IEX - Get Free Report) last announced 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. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The company had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. During the same period in the previous year, the firm posted $2.12 earnings per share. The company's revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that IDEX Co. will post 7.88 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 given a dividend of $0.69 per share. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.19%. IDEX's payout ratio is currently 42.72%.

Analysts Set New Price Targets

Several analysts have recently weighed in on IEX shares. Argus lowered shares of IDEX from a "buy" rating to a "hold" rating in a research report on Wednesday, August 14th. TD Cowen lowered their price objective on IDEX from $240.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada raised their target price on IDEX from $236.00 to $248.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Oppenheimer dropped their price objective on IDEX from $245.00 to $238.00 and set an "outperform" rating for the company in a research note on Monday, August 5th. Finally, Stifel Nicolaus boosted their target price on shares of IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $241.14.

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.