IDEX Co. (NYSE:IEX) Holdings Raised by CCLA Investment Management

CCLA Investment Management grew its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 477,170 shares of the industrial products company's stock after acquiring an additional 43,767 shares during the period. CCLA Investment Management owned about 0.63% of IDEX worth $99,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Catalyst Capital Advisors LLC boosted its holdings in IDEX by 73.8% in 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. acquired a new stake in shares of IDEX during the 3rd quarter worth approximately $39,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of IDEX by 100.0% in 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. EverSource Wealth Advisors LLC boosted its position in IDEX by 19.9% during the 2nd 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. Finally, Brooklyn Investment Group bought a new position in IDEX during the 3rd quarter worth $86,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IEX has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Citigroup reduced their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday. Finally, Royal Bank of Canada raised their target price on IDEX from $248.00 to $258.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $242.86.

IDEX Price Performance

Shares of IEX stock traded down $0.10 during mid-day trading on Wednesday, hitting $214.44. 465,707 shares of the stock traded hands, compared to its average volume of 507,522. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company's 50-day simple moving average is $221.20 and its 200-day simple moving average is $210.12. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping 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 firm had revenue of $798.20 million for the quarter, compared to analysts' expectations of $793.05 million. During the same period in the previous year, the business earned $2.12 earnings per share. IDEX's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts expect that IDEX Co. will post 7.89 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 yield of 1.29%. 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.