Oddo BHF Asset Management Sas Makes New Investment in IDEX Co. (NYSE:IEX)

Oddo BHF Asset Management Sas acquired a new position in shares of IDEX Co. (NYSE:IEX - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,059 shares of the industrial products company's stock, valued at approximately $1,514,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of IDEX by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,218 shares of the industrial products company's stock worth $446,000 after acquiring an additional 69 shares in the last quarter. Blue Trust Inc. boosted its position in IDEX by 1,373.9% during the second quarter. Blue Trust Inc. now owns 339 shares of the industrial products company's stock valued at $68,000 after buying an additional 316 shares during the period. Gradient Investments LLC grew its stake 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 buying an additional 397 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of IDEX by 3.3% in the second quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company's stock worth $45,047,000 after buying an additional 7,222 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of IDEX by 17.9% in the 2nd quarter. Raymond James & Associates now owns 110,078 shares of the industrial products company's stock valued at $22,148,000 after acquiring an additional 16,720 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Down 0.9 %

Shares of IEX stock traded down $1.98 during midday trading on Friday, reaching $223.00. 455,777 shares of the stock were exchanged, compared to its average volume of 481,796. The firm has a market cap of $16.89 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96. 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 company's 50 day moving average is $220.89 and its two-hundred day moving average is $208.87. 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 posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. During the same quarter in the prior year, the company earned $2.12 earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts predict that IDEX Co. will post 7.89 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.24%. IDEX's dividend payout ratio (DPR) is presently 42.72%.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of analyst reports. Robert W. Baird decreased their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada increased their price target on shares of IDEX from $248.00 to $258.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Citigroup boosted their price target on IDEX from $251.00 to $269.00 and gave the company a "buy" rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, IDEX has a consensus rating of "Moderate Buy" and an average target price of $243.14.

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.