Asset Management One Co. Ltd. Grows Position in IDEX Corporation (NYSE:IEX)

Asset Management One Co. Ltd. lifted its position in IDEX Corporation (NYSE:IEX - Free Report) by 14.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,569 shares of the industrial products company's stock after acquiring an additional 4,319 shares during the period. Asset Management One Co. Ltd.'s holdings in IDEX were worth $6,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEX. Wealth Enhancement Advisory Services LLC grew its stake in IDEX by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after purchasing an additional 61 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of IDEX by 0.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock valued at $1,508,000 after buying an additional 61 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 64 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of IDEX by 3.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,127 shares of the industrial products company's stock worth $445,000 after acquiring an additional 66 shares in the last quarter. Finally, Net Worth Advisory Group lifted its position in IDEX by 2.8% during the 4th quarter. Net Worth Advisory Group now owns 2,651 shares of the industrial products company's stock valued at $555,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

IEX has been the topic of several analyst reports. Stifel Nicolaus boosted 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. Mizuho set a $185.00 price target on shares of IDEX in a research note on Friday, May 16th. Citigroup reduced their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada lifted their target price on shares of IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Robert W. Baird set a $215.00 price target on shares of IDEX in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.50.

Insider Transactions at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Performance

Shares of IEX traded up $1.31 during mid-day trading on Wednesday, hitting $181.50. 250,064 shares of the company traded hands, compared to its average volume of 595,792. The stock has a 50-day moving average price of $180.07 and a two-hundred day moving average price of $189.99. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 2.79. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $238.22.

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

IDEX Dividend Announcement

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

About IDEX

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.