ASR Vermogensbeheer N.V. Buys Shares of 137,916 IDEX Corporation (NYSE:IEX)

Key Points

• ASR Vermogensbeheer N.V. has acquired a significant stake in IDEX Corporation, purchasing 137,916 shares worth approximately $24.96 million.
• Analysts have mixed views on IDEX, with price targets ranging from $180.00 to $216.00, resulting in a consensus rating of "Moderate Buy."
• IDEX Corporation recently announced a quarterly dividend of $0.71 per share, representing an annualized yield of 1.8%.

ASR Vermogensbeheer N.V. acquired a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 137,916 shares of the industrial products company's stock, valued at approximately $24,956,000. ASR Vermogensbeheer N.V. owned about 0.18% of IDEX as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of IEX. Price T Rowe Associates Inc. MD increased its holdings in 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 last quarter. Impax Asset Management Group plc increased its holdings in IDEX by 11.5% during the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock worth $363,157,000 after acquiring an additional 207,172 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in IDEX by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,868,919 shares of the industrial products company's stock worth $391,147,000 after purchasing an additional 17,087 shares in the last quarter. Barclays PLC raised its position in shares of IDEX by 1.4% in the fourth quarter. Barclays PLC now owns 1,194,125 shares of the industrial products company's stock worth $249,922,000 after buying an additional 16,480 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of IDEX by 11.1% during the 4th quarter. First Trust Advisors LP now owns 1,056,677 shares of the industrial products company's stock valued at $221,152,000 after acquiring an additional 105,960 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IEX shares. Mizuho set a $185.00 price target on shares of IDEX in a report on Friday, May 16th. Royal Bank Of Canada decreased their price target on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a "neutral" rating in a research note on Monday. Oppenheimer lowered their price objective on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Robert W. Baird set a $215.00 target price on shares of IDEX in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.71.

Insider Buying and Selling at IDEX

In other IDEX 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 transaction of $45,222.50. Following the completion of the transaction, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

IDEX Trading Down 0.2%

NYSE IEX traded down $0.29 during trading on Friday, hitting $158.24. The company had a trading volume of 639,104 shares, compared to its average volume of 839,740. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The company's fifty day moving average is $177.30 and its 200-day moving average is $183.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%. The business had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. During the same quarter last year, the firm posted $2.06 earnings per share. The company's revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.71 dividend. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.8%. IDEX's dividend payout ratio is presently 45.88%.

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.