Tudor Investment Corp ET AL Purchases New Shares in IDEX Co. (NYSE:IEX)

Tudor Investment Corp ET AL acquired a new stake in IDEX Co. (NYSE:IEX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,881 shares of the industrial products company's stock, valued at approximately $812,000.

A number of other large investors have also recently bought and sold shares of IEX. Quarry LP bought a new stake in shares of IDEX during the 4th quarter worth $49,000. Jones Financial Companies Lllp boosted its holdings in IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 106 shares during the period. Assetmark Inc. grew its position in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 235 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of IDEX in the fourth quarter worth about $105,000. Finally, BankPlus Trust Department acquired a new position in shares of IDEX during the 4th quarter worth about $123,000. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

IEX traded down $1.25 during midday trading on Friday, reaching $183.40. 383,458 shares of the company's stock were exchanged, compared to its average volume of 576,282. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $176.39 and a two-hundred day simple moving average of $201.23. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. IDEX Co. has a one year low of $153.36 and a one year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The business had revenue of $814.30 million for the quarter, compared to analyst estimates of $807.25 million. During the same quarter in the previous year, the firm earned $1.88 EPS. IDEX's quarterly revenue was up 1.7% on a year-over-year basis. As a group, research analysts predict that IDEX Co. will post 8.26 EPS for the current year.

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 dividend on an annualized basis and a yield of 1.55%. IDEX's payout ratio is 43.74%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IEX shares. Robert W. Baird set a $215.00 price target on IDEX in a research report on Friday, May 2nd. Royal Bank of Canada boosted their target price on shares of IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Citigroup reduced their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus boosted their price objective on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, DA Davidson reduced their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, IDEX currently has an average rating of "Moderate Buy" and a consensus target price of $211.25.

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.