IDEX Co. (NYSE:IEX) Shares Sold by Nuance Investments LLC

Nuance Investments LLC cut its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,893 shares of the industrial products company's stock after selling 4,450 shares during the quarter. Nuance Investments LLC owned about 0.18% of IDEX worth $29,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company's stock valued at $211,473,000 after acquiring an additional 1,021,439 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of IDEX by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company's stock valued at $1,943,609,000 after acquiring an additional 555,250 shares during the period. Hsbc Holdings PLC raised its stake in shares of IDEX by 75.6% in the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company's stock valued at $104,179,000 after acquiring an additional 223,422 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of IDEX by 247.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company's stock valued at $39,872,000 after acquiring an additional 141,064 shares during the period. Finally, Millennium Management LLC raised its stake in shares of IDEX by 1,541.6% in the 2nd quarter. Millennium Management LLC now owns 138,744 shares of the industrial products company's stock valued at $27,915,000 after acquiring an additional 130,292 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Down 0.2 %

Shares of IDEX stock traded down $0.50 during trading hours on Wednesday, hitting $223.11. The company had a trading volume of 462,783 shares, compared to its average volume of 481,924. The company's 50-day moving average is $213.84 and its two-hundred day moving average is $207.76. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. 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 company has a market cap of $16.89 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. The business had revenue of $798.20 million during the quarter, compared to analysts' expectations of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.12 EPS. Analysts anticipate that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.24%. IDEX's dividend payout ratio is presently 42.72%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IEX shares. DA Davidson reduced their price target on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, August 5th. Royal Bank of Canada upped their target price on shares of IDEX from $236.00 to $248.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of IDEX from $232.00 to $244.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Finally, Oppenheimer cut their target price on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.14.

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.