Asset Management One Co. Ltd. Buys 4,319 Shares of IDEX Corporation (NYSE:IEX)

Asset Management One Co. Ltd. increased its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,569 shares of the industrial products company's stock after buying an additional 4,319 shares during the quarter. Asset Management One Co. Ltd.'s holdings in IDEX were worth $6,256,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IEX. MassMutual Private Wealth & Trust FSB grew its holdings in IDEX by 81.0% during the first 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 in the last quarter. Banque de Luxembourg S.A. bought a new position in IDEX in the 4th quarter valued at $27,000. UMB Bank n.a. grew its stake in IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 87 shares during the period. Quarry LP bought a new position in IDEX in the 4th quarter valued at $49,000. Finally, Versant Capital Management Inc grew its stake in IDEX by 970.7% in the 1st quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock valued at $79,000 after purchasing an additional 398 shares during the period. Institutional investors own 97.96% of the company's stock.

Insiders Place Their Bets

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the transaction, the chief financial officer now owns 5,035 shares in the company, valued at $910,781.15. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IEX shares. Mizuho set a $185.00 price objective on IDEX in a research note on Friday, May 16th. Robert W. Baird set a $215.00 price objective on IDEX in a research note on Friday, May 2nd. Royal Bank Of Canada upped their price objective on IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Citigroup reduced their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus upped their price objective on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, IDEX currently has a consensus rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Down 0.0%

IEX stock opened at $176.29 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 2.79. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.79 and a beta of 1.06. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The stock has a fifty day moving average of $179.50 and a 200-day moving average of $190.63.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share 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 company had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. During the same quarter in the prior year, the company earned $1.88 EPS. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts predict that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently announced 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 is Friday, July 11th. This represents a $2.84 annualized dividend and a yield of 1.61%. IDEX's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Corporation (NYSE:IEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.