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UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in IDEX Co. (NYSE:IEX)

IDEX logo with Industrial Products background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 645,425 shares of the industrial products company's stock after selling 2,962 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.85% of IDEX worth $138,444,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Boston Trust Walden Corp increased its stake in IDEX by 3.3% in the second quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company's stock valued at $45,047,000 after purchasing an additional 7,222 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in IDEX by 247.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company's stock valued at $39,872,000 after purchasing an additional 141,064 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of IDEX during the second quarter valued at about $3,627,000. Marshall Wace LLP increased its position in shares of IDEX by 162.1% during the second quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company's stock worth $20,433,000 after acquiring an additional 62,803 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of IDEX by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company's stock worth $36,041,000 after acquiring an additional 4,465 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IDEX stock traded up $1.18 on Monday, reaching $231.81. 361,356 shares of the company traded hands, compared to its average volume of 482,401. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. The firm has a market capitalization of $17.55 billion, a PE ratio of 35.61, a PEG ratio of 2.44 and a beta of 0.96. The company has a 50 day moving average of $217.66 and a 200 day moving average of $208.03. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.01. The business had revenue of $798.20 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $2.12 earnings per share. Equities analysts forecast that IDEX Co. will post 7.89 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, January 17th. IDEX's dividend payout ratio (DPR) is presently 42.72%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Argus downgraded IDEX from a "buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Stifel Nicolaus increased their price target on IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Oppenheimer cut their price objective on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating on the stock in a report on Monday, August 5th. DA Davidson lowered their target price on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, August 5th. Finally, TD Cowen reduced their price objective on shares of IDEX from $240.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.14.

Get Our Latest Report on IEX

IDEX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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