iA Global Asset Management Inc. Sells 4,999 Shares of IDEX Co. (NYSE:IEX)

iA Global Asset Management Inc. trimmed its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 76.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,556 shares of the industrial products company's stock after selling 4,999 shares during the period. iA Global Asset Management Inc.'s holdings in IDEX were worth $334,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Studio Investment Management LLC increased its position in IDEX by 4.9% in the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 45 shares in the last quarter. UMB Bank n.a. grew its position in shares of IDEX by 31.0% during the 2nd quarter. UMB Bank n.a. now owns 241 shares of the industrial products company's stock worth $48,000 after buying an additional 57 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of IDEX by 19.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company's stock worth $72,000 after buying an additional 57 shares during the period. Whittier Trust Co. grew its position in shares of IDEX by 38.4% during the 2nd quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock worth $42,000 after buying an additional 58 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position 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 buying an additional 59 shares during the period. 97.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IEX shares. Citigroup lifted their price objective on shares of IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a research note on Monday. Argus lowered shares of IDEX from a "buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Robert W. Baird cut their price target on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of IDEX from $248.00 to $258.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and an average price target of $243.14.

IDEX Stock Performance

Shares of IEX traded up $0.06 on Wednesday, reaching $228.01. 431,488 shares of the company's stock traded hands, compared to its average volume of 482,163. The stock's 50 day simple moving average is $220.04 and its two-hundred day simple moving average is $208.57. The stock has a market cap of $17.27 billion, a PE ratio of 35.46, a PEG ratio of 2.43 and a beta of 0.96. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. 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 released its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.01. The company had revenue of $798.20 million for the quarter, compared to analysts' expectations of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 EPS. On average, analysts forecast that IDEX Co. will post 7.89 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm 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 dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, January 17th. IDEX's payout ratio is 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.