Free Trial

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

IDEX logo with Industrials background

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.

Read Our Latest Stock Analysis on IEX

IDEX Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

Should You Invest $1,000 in IDEX Right Now?

Before you consider IDEX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDEX wasn't on the list.

While IDEX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines