IDEX Co. (NYSE:IEX) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its position in IDEX Co. (NYSE:IEX - Free Report) by 48.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,632 shares of the industrial products company's stock after purchasing an additional 6,720 shares during the quarter. Cerity Partners LLC's holdings in IDEX were worth $4,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of IDEX by 8.8% in the 1st quarter. Tidal Investments LLC now owns 4,383 shares of the industrial products company's stock valued at $1,070,000 after acquiring an additional 356 shares during the last quarter. Virtu Financial LLC purchased a new stake in IDEX in the first quarter valued at $469,000. Swedbank AB acquired a new stake in IDEX during the 1st quarter worth about $11,765,000. Atria Investments Inc raised its stake in shares of IDEX by 4.5% during the 1st quarter. Atria Investments Inc now owns 7,599 shares of the industrial products company's stock valued at $1,854,000 after buying an additional 324 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of IDEX by 301.3% in the 1st quarter. Cetera Investment Advisers now owns 6,902 shares of the industrial products company's stock valued at $1,684,000 after buying an additional 5,182 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson reduced their price target on IDEX from $220.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. Oppenheimer decreased their target price on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating for the company in a research note on Monday, August 5th. Robert W. Baird dropped their price target 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. TD Cowen cut their price objective 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. Finally, 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 note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $241.14.

IDEX Price Performance

Shares of IEX traded down $0.37 during mid-day trading on Friday, hitting $230.73. 268,772 shares of the company were exchanged, compared to its average volume of 482,925. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.96. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. The company has a 50 day moving average of $217.22 and a 200-day moving average of $208.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share 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 business had revenue of $798.20 million for the quarter, compared to the consensus estimate of $793.05 million. During the same quarter last year, the business posted $2.12 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. Analysts expect that IDEX Co. will post 7.89 EPS for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.69 per share. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.20%. IDEX's dividend payout ratio is presently 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.