IDEX Co. (NYSE:IEX) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 54.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,483 shares of the industrial products company's stock after selling 46,415 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of IDEX worth $8,469,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IEX. Cetera Investment Advisers increased its holdings in IDEX by 301.3% in the 1st quarter. Cetera Investment Advisers now owns 6,902 shares of the industrial products company's stock worth $1,684,000 after acquiring an additional 5,182 shares in the last quarter. CWM LLC lifted its stake in IDEX by 6.4% in the 2nd quarter. CWM LLC now owns 1,869 shares of the industrial products company's stock valued at $376,000 after buying an additional 113 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in IDEX by 3.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,218 shares of the industrial products company's stock worth $446,000 after buying an additional 69 shares during the last quarter. Blue Trust Inc. increased its stake in IDEX by 1,373.9% during the 2nd quarter. Blue Trust Inc. now owns 339 shares of the industrial products company's stock worth $68,000 after buying an additional 316 shares in the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of IDEX by 7,940.0% during the second quarter. Gradient Investments LLC now owns 402 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 397 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Trading Down 1.4 %

IEX traded down $3.19 on Thursday, hitting $224.98. The company had a trading volume of 419,871 shares, compared to its average volume of 481,904. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The firm has a market cap of $17.04 billion, a P/E ratio of 35.30, a PEG ratio of 2.43 and a beta of 0.96. The company's fifty day moving average price is $220.37 and its 200 day moving average price is $208.70. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.12 EPS. As a group, equities analysts expect that IDEX Co. will post 7.89 earnings per share 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 issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.23%. IDEX's dividend payout ratio is presently 42.72%.

Analysts Set New Price Targets

IEX has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on IDEX from $248.00 to $258.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Argus downgraded shares of IDEX from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. Citigroup boosted their target price on IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a report on Monday. Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.