IDEX Co. (NYSE:IEX) Position Reduced by Jane Street Group LLC

Jane Street Group LLC decreased its stake in IDEX Co. (NYSE:IEX - Free Report) by 97.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,016 shares of the industrial products company's stock after selling 35,334 shares during the period. Jane Street Group LLC's holdings in IDEX were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC grew its stake 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 acquiring an additional 59 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of IDEX in the third quarter valued at about $39,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of IDEX by 100.0% in the third 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. EverSource Wealth Advisors LLC raised 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 purchasing an additional 57 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in IDEX in the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Price Performance

Shares of NYSE IEX opened at $205.87 on Monday. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. The business has a 50-day moving average of $221.58 and a 200-day moving average of $209.95.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.01. The firm had revenue of $798.20 million during 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%. IDEX's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 EPS. On average, equities analysts anticipate that IDEX Co. will post 7.89 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.34%. IDEX's payout ratio is currently 42.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IEX shares. Royal Bank of Canada boosted their price objective on shares of IDEX from $248.00 to $258.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Robert W. Baird lowered their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Citigroup upped their price target on IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.14.

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.