IDEX Co. (NYSE:IEX) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 15.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,435 shares of the industrial products company's stock after purchasing an additional 9,180 shares during the period. Curi RMB Capital LLC owned about 0.09% of IDEX worth $14,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IEX. UMB Bank n.a. raised its position in shares of IDEX by 31.0% in the second quarter. UMB Bank n.a. now owns 241 shares of the industrial products company's stock valued at $48,000 after buying an additional 57 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in IDEX by 19.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 57 shares during the last quarter. Whittier Trust Co. lifted its stake in IDEX by 38.4% in the 2nd 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. Catalyst Capital Advisors LLC boosted its holdings 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 worth $30,000 after purchasing an additional 59 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of IDEX by 1.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 6,476 shares of the industrial products company's stock valued at $1,303,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IEX. Oppenheimer dropped their target price on IDEX from $245.00 to $238.00 and set an "outperform" rating for the company in a report on Monday, August 5th. DA Davidson dropped their price target on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, August 5th. Stifel Nicolaus upped their price objective on IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. TD Cowen cut their target price on IDEX from $240.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price target on IDEX from $236.00 to $248.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, IDEX has an average rating of "Moderate Buy" and an average target price of $241.14.

IDEX Trading Down 0.7 %

IEX traded down $1.61 during mid-day trading on Thursday, hitting $229.39. 596,344 shares of the stock were exchanged, compared to its average volume of 473,878. The company has a market cap of $17.37 billion, a PE ratio of 35.76, a PEG ratio of 2.41 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. The firm's fifty day moving average is $210.90 and its two-hundred day moving average is $207.59. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating 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 firm had revenue of $798.20 million during the quarter, compared to analysts' expectations of $793.05 million. During the same quarter in the previous year, the business posted $2.12 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. Equities analysts forecast that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The business also recently declared 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 1.20%. The ex-dividend date of this dividend is Friday, January 17th. IDEX's dividend payout ratio is currently 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.