Aristotle Capital Boston LLC cut its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,705 shares of the industrial products company's stock after selling 1,875 shares during the period. Aristotle Capital Boston LLC's holdings in IDEX were worth $5,170,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new position in IDEX in the fourth quarter worth $49,000. Jones Financial Companies Lllp raised its stake 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 buying an additional 106 shares during the last quarter. Assetmark Inc. boosted its stake in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of IDEX in the fourth quarter worth approximately $105,000. Finally, BankPlus Trust Department bought a new stake in shares of IDEX during the fourth quarter valued at approximately $123,000. Hedge funds and other institutional investors own 97.96% of the company's stock.
IDEX Stock Down 0.4 %
IEX stock traded down $0.73 during trading on Friday, reaching $183.92. The stock had a trading volume of 144,723 shares, compared to its average volume of 576,523. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a 1-year low of $153.36 and a 1-year high of $238.22. The firm has a fifty day moving average price of $176.44 and a 200 day moving average price of $201.42. The company has a market capitalization of $13.89 billion, a P/E ratio of 27.66, a PEG ratio of 1.98 and a beta of 1.07.
IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.11. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The company had revenue of $814.30 million for the quarter, compared to analyst estimates of $807.25 million. During the same period last year, the company earned $1.88 earnings per share. The company's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.
IDEX Increases Dividend
The business 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from IDEX's previous quarterly dividend of $0.69. IDEX's payout ratio is currently 43.74%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on IEX. Robert W. Baird set a $215.00 target price on shares of IDEX in a report on Friday, May 2nd. 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 report on Wednesday, February 19th. Mizuho set a $175.00 target price on shares of IDEX in a report on Tuesday, April 22nd. Stifel Nicolaus lifted their price target on IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Citigroup cut their target price on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, IDEX has an average rating of "Moderate Buy" and a consensus price target of $211.25.
View Our Latest Research Report on IDEX
About IDEX
(
Free Report)
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.
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