IDEX Co. (NYSE:IEX) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in IDEX Co. (NYSE:IEX - Free Report) by 119.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,864 shares of the industrial products company's stock after purchasing an additional 2,646 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in IDEX were worth $1,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in IDEX by 7.5% during 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 increased its holdings in shares of IDEX by 75.6% during the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company's stock valued at $104,179,000 after purchasing an additional 223,422 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of IDEX by 247.0% during the 2nd 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 in the last quarter. Millennium Management LLC increased its holdings in shares of IDEX by 1,541.6% during the 2nd quarter. Millennium Management LLC now owns 138,744 shares of the industrial products company's stock valued at $27,915,000 after purchasing an additional 130,292 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its holdings in shares of IDEX by 25.8% during the 2nd quarter. Ceredex Value Advisors LLC now owns 416,375 shares of the industrial products company's stock valued at $83,775,000 after purchasing an additional 85,434 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

IEX traded up $10.19 on Wednesday, hitting $234.90. 894,222 shares of the company's stock were exchanged, compared to its average volume of 472,015. IDEX Co. has a fifty-two week low of $189.33 and a fifty-two week high of $246.36. 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 firm has a 50-day moving average price of $207.78 and a 200-day moving average price of $207.29. The stock has a market cap of $17.79 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 2.29 and a beta of 0.96.

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, beating analysts' consensus estimates of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. During the same quarter in the prior year, the firm posted $2.12 earnings per share. IDEX's quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that IDEX Co. will post 7.87 earnings per share for the current year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, October 11th. IDEX's dividend payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IEX shares. StockNews.com lowered shares of IDEX from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Argus lowered shares of IDEX from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. DA Davidson dropped their price target on shares of IDEX from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus lifted their price target on shares of IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird dropped their price target on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, IDEX presently has an average rating of "Moderate Buy" and a consensus price target of $241.14.

IDEX Company 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.