JPMorgan Chase & Co. cut its position in IDEX Co. (NYSE:IEX - Free Report) by 63.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,574 shares of the industrial products company's stock after selling 502,880 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.39% of IDEX worth $63,401,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its position in shares of IDEX by 73.8% in the third 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 during the last quarter. Assetmark Inc. bought a new stake in IDEX during the 3rd quarter valued at approximately $39,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings 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 buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in IDEX by 19.9% in 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. Finally, Brooklyn Investment Group acquired a new position in shares of IDEX during the third quarter worth approximately $86,000. Institutional investors own 97.96% of the company's stock.
IDEX Price Performance
Shares of IEX stock traded up $0.96 during trading hours on Friday, hitting $207.02. The company had a trading volume of 304,051 shares, compared to its average volume of 341,875. 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 $15.68 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.36 and a beta of 0.96. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36. The firm's fifty day moving average is $221.92 and its 200 day moving average is $209.68.
IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. During the same period in the prior year, the company posted $2.12 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that IDEX Co. will post 7.89 EPS for the current fiscal year.
IDEX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.69 per share. 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 1.33%. IDEX's dividend payout ratio (DPR) is presently 42.72%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. 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 report on Friday, December 6th. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird lowered their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $243.14.
View Our Latest Analysis on IEX
About IDEX
(
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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