111 Capital Buys New Shares in IDEX Co. (NYSE:IEX)

111 Capital acquired a new position in IDEX Co. (NYSE:IEX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,854 shares of the industrial products company's stock, valued at approximately $1,016,000.

Other institutional investors have also recently made changes to their positions in the company. Banque de Luxembourg S.A. purchased a new stake in IDEX in the fourth quarter valued at $27,000. Quarry LP purchased a new stake in shares of IDEX in the fourth quarter worth about $49,000. Jones Financial Companies Lllp grew 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 worth $85,000 after acquiring an additional 106 shares during the period. Orion Capital Management LLC purchased a new position in IDEX during the fourth quarter valued at approximately $86,000. Finally, Assetmark Inc. lifted its holdings in 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 acquiring an additional 235 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Trading Down 0.7%

Shares of NYSE IEX traded down $1.35 during trading on Friday, hitting $180.79. 834,199 shares of the company were exchanged, compared to its average volume of 580,040. The company has a fifty day moving average price of $176.59 and a 200-day moving average price of $197.45. 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 firm has a market capitalization of $13.66 billion, a PE ratio of 27.19, a P/E/G ratio of 1.98 and a beta of 1.07. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $238.22.

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

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.57%. This is a boost from IDEX's previous quarterly dividend of $0.69. The ex-dividend date was Monday, May 19th. IDEX's dividend payout ratio (DPR) is 45.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IEX shares. Citigroup cut their target price 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. Mizuho set a $185.00 price target on shares of IDEX in a research report on Friday, May 16th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a report on Friday, May 2nd. DA Davidson lowered their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada raised their target price on IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $212.50.

IDEX 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.