IDEX Co. (NYSE:IEX) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,177,645 shares of the industrial products company's stock after buying an additional 14,360 shares during the period. Barclays PLC owned 1.56% of IDEX worth $252,603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC lifted its position in shares of IDEX by 73.8% during 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. purchased a new position in IDEX during the third quarter valued at $39,000. EdgeRock Capital LLC acquired a new stake in shares of IDEX in the second quarter valued at about $41,000. Whittier Trust Co. increased its stake in shares of IDEX by 38.4% during 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 in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of IDEX by 100.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company's stock worth $43,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a report on Monday. Stifel Nicolaus boosted their price target on IDEX from $232.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird decreased 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. Royal Bank of Canada upped their target price on shares of IDEX from $248.00 to $258.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Argus downgraded shares of IDEX from a "buy" rating to a "hold" rating in a research note on Wednesday, August 14th. 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $241.43.

IDEX Trading Down 0.7 %

IDEX stock traded down $1.72 during midday trading on Tuesday, hitting $227.93. 286,442 shares of the stock were exchanged, compared to its average volume of 482,376. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.43 and a beta of 0.96. IDEX Co. has a fifty-two week low of $189.51 and a fifty-two week high of $246.36. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock's 50-day simple moving average is $220.04 and its 200 day simple moving average is $208.57.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. The business had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.12 EPS. On average, equities analysts anticipate that IDEX Co. will post 7.89 EPS for the current year.

IDEX Dividend Announcement

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

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.