Van ECK Associates Corp Has $211.47 Million Stock Position in IDEX Co. (NYSE:IEX)

Van ECK Associates Corp lifted its holdings in IDEX Co. (NYSE:IEX - Free Report) by 9,424.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,032,277 shares of the industrial products company's stock after buying an additional 1,021,439 shares during the quarter. Van ECK Associates Corp owned approximately 1.36% of IDEX worth $211,473,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position 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 worth $1,943,609,000 after buying an additional 555,250 shares during the last quarter. Hsbc Holdings PLC lifted its position 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 worth $104,179,000 after buying an additional 223,422 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of IDEX by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,672 shares of the industrial products company's stock worth $94,698,000 after buying an additional 78,551 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of IDEX by 4.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company's stock worth $93,640,000 after acquiring an additional 20,175 shares during the period. Finally, CCLA Investment Management increased its holdings in shares of IDEX by 1.8% in the 2nd quarter. CCLA Investment Management now owns 433,403 shares of the industrial products company's stock worth $86,697,000 after acquiring an additional 7,615 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

IDEX stock traded up $1.41 during trading hours on Friday, hitting $216.05. 725,543 shares of the company traded hands, compared to its average volume of 436,368. The firm has a market cap of $16.35 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 2.52, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The firm's 50-day simple moving average is $207.06 and its two-hundred day simple moving average is $207.50. IDEX Co. has a 1-year low of $189.33 and a 1-year high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The company had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. During the same quarter last year, the firm posted $2.12 EPS. The business's revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts forecast that IDEX Co. will post 7.87 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $2.76 annualized dividend and a dividend yield of 1.28%. IDEX's dividend payout ratio (DPR) is 42.72%.

Wall Street Analyst Weigh In

IEX has been the topic of a number of analyst reports. DA Davidson dropped their price objective on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, August 5th. StockNews.com cut shares of IDEX from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Stifel Nicolaus increased their price objective on shares of IDEX from $232.00 to $244.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Oppenheimer dropped their price objective on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating on the stock in a report on Monday, August 5th. Finally, Robert W. Baird dropped their price objective on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $241.14.

About IDEX

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.