Premier Fund Managers Ltd Has $64.48 Million Stake in IDEX Co. (NYSE:IEX)

Premier Fund Managers Ltd increased its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the industrial products company's stock after buying an additional 80,000 shares during the quarter. IDEX accounts for about 2.3% of Premier Fund Managers Ltd's investment portfolio, making the stock its 11th largest position. Premier Fund Managers Ltd owned 0.40% of IDEX worth $64,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 59 shares in the last quarter. Assetmark Inc. acquired a new position in IDEX in the third quarter valued at about $39,000. EdgeRock Capital LLC bought a new stake in IDEX during the second quarter worth about $41,000. Whittier Trust Co. grew its position in 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 acquiring an additional 58 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 100 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX Trading Down 1.1 %

IEX traded down $2.38 during trading on Wednesday, reaching $221.23. 130,472 shares of the company's stock were exchanged, compared to its average volume of 480,437. The company's fifty day moving average price is $213.32 and its 200-day moving average price is $207.65. 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 capitalization of $16.75 billion, a PE ratio of 34.61, a P/E/G ratio of 2.41 and a beta of 0.96. IDEX Co. has a fifty-two week low of $189.51 and a fifty-two week high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $793.05 million. During the same quarter in the prior year, the company posted $2.12 earnings per share. The firm's revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that IDEX Co. will post 7.88 EPS for the current year.

IDEX Announces Dividend

The company 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. This represents a $2.76 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, January 17th. IDEX's payout ratio is 42.72%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IEX shares. Stifel Nicolaus raised their target price on IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. DA Davidson lowered their price objective on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. Oppenheimer reduced their target price on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating on the stock in a research report on Monday, August 5th. Argus lowered shares of IDEX from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their price objective on IDEX from $236.00 to $248.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $241.14.

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.