IDEX Co. (NYSE:IEX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 45.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,226 shares of the industrial products company's stock after selling 5,088 shares during the quarter. Quantbot Technologies LP's holdings in IDEX were worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Impax Asset Management Group plc boosted its holdings in shares of IDEX by 4.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,190,741 shares of the industrial products company's stock valued at $475,632,000 after purchasing an additional 84,502 shares during the period. Norges Bank bought a new position in shares of IDEX during the 4th quarter worth $237,425,000. Alecta Tjanstepension Omsesidigt increased its stake in shares of IDEX by 420.8% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 781,172 shares of the industrial products company's stock valued at $169,600,000 after buying an additional 631,172 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in IDEX by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 608,744 shares of the industrial products company's stock worth $132,164,000 after acquiring an additional 15,202 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in IDEX by 19.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 492,810 shares of the industrial products company's stock worth $106,994,000 after acquiring an additional 81,780 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IEX shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $255.00 price target on shares of IDEX in a research report on Thursday, March 21st. StockNews.com cut IDEX from a "buy" rating to a "hold" rating in a research report on Thursday. Oppenheimer boosted their price target on IDEX from $245.00 to $252.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. Citigroup upped their price objective on IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Robert W. Baird cut their target price on IDEX from $260.00 to $256.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.71.

IDEX Stock Up 0.8 %

NYSE:IEX traded up $1.66 during mid-day trading on Friday, hitting $204.46. 377,110 shares of the company's stock traded hands, compared to its average volume of 458,224. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.37. The company has a market capitalization of $15.48 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.04 and a beta of 0.95. The company has a fifty day moving average of $207.92 and a 200 day moving average of $220.12. IDEX Co. has a twelve month low of $183.76 and a twelve month high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The business had revenue of $801.00 million during the quarter, compared to analysts' expectations of $807.52 million. The business's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. On average, analysts forecast that IDEX Co. will post 8.3 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be given a $0.69 dividend. The ex-dividend date is Friday, July 12th. This represents a $2.76 dividend on an annualized basis and a yield of 1.35%. IDEX's dividend payout ratio is currently 36.32%.

IDEX 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.