Captrust Financial Advisors Trims Holdings in IDEX Co. (NYSE:IEX)

Captrust Financial Advisors trimmed its position in IDEX Co. (NYSE:IEX - Free Report) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,044 shares of the industrial products company's stock after selling 2,214 shares during the period. Captrust Financial Advisors' holdings in IDEX were worth $3,227,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its position in shares of 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 purchasing an additional 59 shares during the period. Assetmark Inc. bought a new stake in shares of IDEX during the third quarter worth about $39,000. EdgeRock Capital LLC acquired a new stake in shares of IDEX in the 2nd quarter worth about $41,000. Whittier Trust Co. boosted its stake in IDEX by 38.4% during the 2nd quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 58 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in 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 in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Price Performance

Shares of IDEX stock traded down $0.54 on Thursday, hitting $227.33. 355,558 shares of the company traded hands, compared to its average volume of 481,745. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The firm's 50-day simple moving average is $218.83 and its 200 day simple moving average is $208.30. The company has a market cap of $17.21 billion, a P/E ratio of 35.23, a P/E/G ratio of 2.44 and a beta of 0.96. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data 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. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. During the same period in the prior year, the company earned $2.12 EPS. The company's revenue was up .6% on a year-over-year basis. Analysts expect that IDEX Co. will post 7.89 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Analyst Ratings Changes

IEX has been the topic of several analyst reports. Argus cut IDEX from a "buy" rating to a "hold" rating in a research report on Wednesday, August 14th. Robert W. Baird decreased their target price on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus increased their target price on shares of IDEX from $232.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Royal Bank of Canada raised their price objective 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. Finally, TD Cowen cut their price target on shares of IDEX from $240.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.