Two Sigma Advisers LP Has $88.65 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Two Sigma Advisers LP reduced its holdings in IDEX Co. (NYSE:IEX - Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,300 shares of the industrial products company's stock after selling 24,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.55% of IDEX worth $88,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its stake in IDEX by 3.3% in the second quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company's stock valued at $45,047,000 after purchasing an additional 7,222 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in IDEX by 247.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company's stock valued at $39,872,000 after purchasing an additional 141,064 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in IDEX during the second quarter valued at about $3,627,000. Marshall Wace LLP grew its position in IDEX by 162.1% during the second quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company's stock valued at $20,433,000 after acquiring an additional 62,803 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in IDEX by 2.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company's stock valued at $36,041,000 after acquiring an additional 4,465 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on IEX. Argus downgraded IDEX from a "buy" rating to a "hold" rating in a research report on Wednesday, August 14th. Stifel Nicolaus upped their target price on IDEX from $232.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird cut 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. Finally, Royal Bank of Canada boosted their price target on IDEX from $248.00 to $258.00 and gave the stock an "outperform" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $242.57.

IDEX Stock Up 0.9 %

Shares of IEX traded up $2.03 during mid-day trading on Friday, reaching $230.48. The company's stock had a trading volume of 321,087 shares, compared to its average volume of 482,901. The business has a fifty day moving average of $219.13 and a 200 day moving average of $208.44. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.44 and a beta of 0.96. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. The business had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share. As a group, analysts forecast that IDEX Co. will post 7.89 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, January 17th. IDEX's dividend payout ratio is currently 42.72%.

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.