IDEX Co. (NYSE:IEX) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. trimmed its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 47.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,324 shares of the industrial products company's stock after selling 41,296 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.06% of IDEX worth $9,722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalyst Capital Advisors LLC increased its holdings in IDEX by 73.8% in 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 during the period. Assetmark Inc. bought a new stake in IDEX during the third quarter worth about $39,000. EdgeRock Capital LLC acquired a new stake in shares of IDEX during the second quarter worth approximately $41,000. Whittier Trust Co. raised its stake in shares of IDEX by 38.4% in the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 58 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted 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 acquiring 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 IEX stock traded down $0.15 on Monday, reaching $229.56. The company's stock had a trading volume of 378,020 shares, compared to its average volume of 483,203. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The stock's 50 day simple moving average is $219.43 and its 200-day simple moving average is $208.38. The company has a market capitalization of $17.38 billion, a P/E ratio of 35.52, a PEG ratio of 2.43 and a beta of 0.96. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last issued its 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. 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 period last year, the business posted $2.12 EPS. The company's revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that IDEX Co. will post 7.89 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. Stockholders of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.20%. IDEX's dividend payout ratio is presently 42.72%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a report on Monday. Robert W. Baird dropped their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Royal Bank of Canada raised their price target on IDEX from $248.00 to $258.00 and gave the stock an "outperform" rating in a research report on Friday. Stifel Nicolaus upped their target price on shares of IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Argus cut IDEX from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.43.

IDEX Company 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.