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

Regents Gate Capital LLP acquired a new position in IDEX Corporation (NYSE:IEX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,455 shares of the industrial products company's stock, valued at approximately $10,217,000. IDEX comprises approximately 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.

A number of other large investors have also recently added to or reduced their stakes in IEX. Dimensional Fund Advisors LP raised its stake in shares of IDEX by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock valued at $134,096,000 after purchasing an additional 73,540 shares in the last quarter. Snyder Capital Management L P raised its stake in shares of IDEX by 12.2% during the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock worth $100,500,000 after buying an additional 52,259 shares during the last quarter. Amalgamated Bank grew its holdings in IDEX by 1.0% during the 1st quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock worth $2,666,000 after acquiring an additional 141 shares during the period. GAMMA Investing LLC lifted its stake in IDEX by 49.0% in the first quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock valued at $166,000 after buying an additional 301 shares during the period. Finally, Assetmark Inc. increased its stake in shares of IDEX by 129.1% in the 4th 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 last quarter. Institutional investors own 97.96% of the company's stock.

IDEX Stock Up 1.8%

Shares of IEX opened at $182.53 on Wednesday. The company has a market capitalization of $13.79 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $180.99 and its 200 day moving average is $188.78. IDEX Corporation 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 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. IDEX had a return on equity of 15.51% and a net margin of 14.60%. The firm had revenue of $814.30 million during the quarter, compared to analyst estimates of $807.25 million. During the same period in the previous year, the company posted $1.88 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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 paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, July 11th. IDEX's payout ratio is presently 45.01%.

Insider Activity

In other IDEX news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction that occurred on Thursday, June 5th. The stock was 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 of the company's stock, valued at $910,781.15. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IEX shares. Royal Bank Of Canada increased their price objective 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. Citigroup decreased their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus raised their target price on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Robert W. Baird set a $215.00 target price on shares of IDEX in a research report on Friday, May 2nd. Finally, Mizuho set a $185.00 target price on shares of IDEX in a research report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.

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