2,477 Shares in IDEX Corporation (NYSE:IEX) Purchased by MQS Management LLC

MQS Management LLC bought a new stake in IDEX Corporation (NYSE:IEX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,477 shares of the industrial products company's stock, valued at approximately $448,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock worth $1,947,654,000 after buying an additional 63,432 shares during the period. Wellington Management Group LLP increased its holdings in shares of IDEX by 49.1% in the 4th quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after acquiring an additional 1,388,667 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of IDEX by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,666,777 shares of the industrial products company's stock worth $767,421,000 after acquiring an additional 277,964 shares during the period. Impax Asset Management Group plc lifted its position in IDEX by 11.5% in the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock valued at $363,157,000 after purchasing an additional 207,172 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in IDEX by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock valued at $399,350,000 after purchasing an additional 21,758 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Stock Down 2.1%

IEX opened at $181.61 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 2.79. The company has a market capitalization of $13.72 billion, a PE ratio of 28.78, a P/E/G ratio of 1.84 and a beta of 1.04. The stock's fifty day moving average is $181.41 and its 200-day moving average is $188.02. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22.

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, topping the consensus estimate of $1.64 by $0.11. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The firm had revenue of $814.30 million for the quarter, compared to analysts' expectations of $807.25 million. During the same period in the previous year, the business earned $1.88 earnings per share. IDEX's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.71 dividend. The ex-dividend date is Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.56%. IDEX's dividend payout ratio is currently 45.01%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IEX. Robert W. Baird set a $215.00 price target on IDEX in a report on Friday, May 2nd. Citigroup lowered their target price on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus boosted 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. Royal Bank Of Canada increased their price target on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Mizuho set a $185.00 price objective on shares of IDEX in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $212.50.

Insider Activity at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the transaction, the chief financial officer directly owned 5,035 shares in the company, valued at $910,781.15. The trade was a 4.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company's stock.

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.

Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Corporation (NYSE:IEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.