56,455 Shares in IDEX Corporation (NYSE:IEX) Acquired by Regents Gate Capital LLP

Regents Gate Capital LLP acquired a new stake in shares of IDEX Corporation (NYSE:IEX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 56,455 shares of the industrial products company's stock, valued at approximately $10,217,000. IDEX makes up about 4.3% of Regents Gate Capital LLP's holdings, making the stock its 8th largest position. Regents Gate Capital LLP owned 0.07% of IDEX at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in IDEX by 81.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after acquiring an additional 64 shares during the last quarter. Banque de Luxembourg S.A. purchased a new position in shares of IDEX in the 4th quarter worth approximately $27,000. UMB Bank n.a. boosted its holdings in shares of IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after purchasing an additional 87 shares during the period. Quarry LP purchased a new position in shares of IDEX in the 4th quarter worth approximately $49,000. Finally, Versant Capital Management Inc boosted its holdings in shares of IDEX by 970.7% in the 1st quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock worth $79,000 after purchasing an additional 398 shares during the period. Institutional investors own 97.96% of the company's stock.

Insider Activity

In other news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares in the company, valued at $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Up 1.0%

Shares of IEX stock traded up $1.79 during mid-day trading on Thursday, hitting $186.17. 203,061 shares of the stock traded hands, compared to its average volume of 600,879. The stock has a market cap of $14.06 billion, a P/E ratio of 29.49, a P/E/G ratio of 1.85 and a beta of 1.04. The stock's fifty day moving average is $181.21 and its two-hundred day moving average is $188.75. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.79 and a quick ratio of 1.99.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. The business had revenue of $814.30 million during the quarter, compared to analyst estimates of $807.25 million. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.88 earnings per share. Equities analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.53%. IDEX's dividend payout ratio (DPR) is currently 45.01%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup dropped their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada boosted their price objective on IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Robert W. Baird set a $215.00 price objective on IDEX in a report on Friday, May 2nd. Mizuho set a $185.00 price objective on IDEX in a report on Friday, May 16th. Finally, Stifel Nicolaus upped their target price on IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Three 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.