3,800 Shares in IDEX Co. (NYSE:IEX) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new stake in IDEX Co. (NYSE:IEX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,800 shares of the industrial products company's stock, valued at approximately $795,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of IDEX by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock worth $134,096,000 after acquiring an additional 73,540 shares during the last quarter. Snyder Capital Management L P boosted its stake in IDEX by 12.2% during the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock valued at $100,500,000 after buying an additional 52,259 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after buying an additional 1,209 shares in the last quarter. Assetmark Inc. increased 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 acquiring an additional 235 shares during the last quarter. Finally, Covea Finance raised its holdings in shares of IDEX by 70.6% during the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock worth $3,035,000 after acquiring an additional 6,000 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Performance

NYSE IEX traded down $1.25 during mid-day trading on Friday, reaching $183.40. 383,458 shares of the stock were exchanged, compared to its average volume of 577,029. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The business's 50 day moving average is $176.39 and its 200-day moving average is $201.25. The company has a market capitalization of $13.85 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.98 and a beta of 1.07.

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

IDEX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.71 dividend. This is a boost from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, May 19th. IDEX's dividend payout ratio is presently 43.74%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DA Davidson lowered their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Robert W. Baird set a $215.00 price target on IDEX in a research report on Friday, May 2nd. Stifel Nicolaus increased their target price on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Royal Bank of Canada upped their price target on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup dropped their target price on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $211.25.

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.