Deutsche Bank AG Has $96.98 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Deutsche Bank AG boosted its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 463,351 shares of the industrial products company's stock after acquiring an additional 77,257 shares during the quarter. Deutsche Bank AG owned 0.61% of IDEX worth $96,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque de Luxembourg S.A. bought a new position in shares of IDEX in the fourth quarter valued at about $27,000. Quarry LP bought a new position in shares of IDEX in the fourth quarter valued at about $49,000. Jones Financial Companies Lllp raised its position in shares of IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 106 shares during the period. Assetmark Inc. raised 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 period. Finally, Ancora Advisors LLC raised its position in shares of IDEX by 24,700.0% in the fourth quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock valued at $104,000 after purchasing an additional 494 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

IDEX stock traded up $1.24 during trading hours on Thursday, reaching $189.71. 528,980 shares of the stock were exchanged, compared to its average volume of 578,193. The stock has a 50 day moving average of $176.54 and a two-hundred day moving average of $200.97. IDEX Co. has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market cap of $14.33 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07.

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

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a yield of 1.50%. IDEX's dividend payout ratio (DPR) is currently 45.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IEX. Citigroup dropped their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus raised their price target on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Mizuho set a $175.00 price target on shares of IDEX in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada raised their price target 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.