Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,731 shares of the industrial products company's stock after selling 2,869 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of IDEX worth $11,158,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of IEX. Impax Asset Management Group plc boosted its position in shares of IDEX by 4.0% during the 4th quarter. Impax Asset Management Group plc now owns 2,190,741 shares of the industrial products company's stock worth $475,632,000 after purchasing an additional 84,502 shares in the last quarter. Norges Bank bought a new position in shares of IDEX during the 4th quarter worth about $237,425,000. Alecta Tjanstepension Omsesidigt boosted its position in shares of IDEX by 420.8% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 781,172 shares of the industrial products company's stock worth $169,600,000 after purchasing an additional 631,172 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of IDEX by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 608,744 shares of the industrial products company's stock worth $132,164,000 after purchasing an additional 15,202 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 81,780 shares in the last quarter. Institutional investors own 97.96% of the company's stock.
IDEX Stock Down 0.7 %
NYSE:IEX traded down $1.46 on Tuesday, hitting $203.76. The stock had a trading volume of 426,901 shares, compared to its average volume of 424,346. 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 stock has a market cap of $15.42 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. IDEX Co. has a 1 year low of $183.76 and a 1 year high of $246.36. The firm's fifty day simple moving average is $205.54 and its two-hundred day simple moving average is $219.77.
IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.52 million. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The company's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. Analysts predict that IDEX Co. will post 8.27 earnings per share for the current year.
IDEX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $2.76 annualized dividend and a dividend yield of 1.35%. IDEX's payout ratio is currently 36.32%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of IDEX from $260.00 to $256.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Oppenheimer upped their target price on shares of IDEX from $245.00 to $252.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. StockNews.com lowered shares of IDEX from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Citigroup upped their target price on shares of IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Finally, Stifel Nicolaus lowered their target price on shares of IDEX from $265.00 to $236.00 and set a "buy" rating on the stock in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, IDEX currently has a consensus rating of "Moderate Buy" and an average target price of $246.57.
View Our Latest Report on IDEX
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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