Bank Julius Baer & Co. Ltd Zurich Has $6.48 Million Holdings in IDEX Corporation (NYSE:IEX)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,043 shares of the industrial products company's stock after selling 35,100 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in IDEX were worth $6,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IEX. Dimensional Fund Advisors LP lifted its holdings in shares of IDEX by 13.0% during the 4th 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 boosted its holdings in shares of IDEX by 12.2% in the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock valued at $100,500,000 after buying an additional 52,259 shares during the period. Amalgamated Bank increased its position in shares of IDEX by 1.0% during the first 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 in the last quarter. GAMMA Investing LLC increased its position in shares of IDEX by 49.0% during the first quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock worth $166,000 after acquiring an additional 301 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of IDEX by 0.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock worth $1,508,000 after acquiring an additional 61 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on IEX. Stifel Nicolaus upped their price objective on IDEX from $208.00 to $238.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Royal Bank Of Canada upped their price target on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research report on Friday, May 2nd. Citigroup raised their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Mizuho set a $185.00 price target on shares of IDEX in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $218.13.

Insiders Place Their Bets

In other news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was 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. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

IDEX Stock Performance

NYSE:IEX traded up $1.85 during mid-day trading on Friday, hitting $185.51. The stock had a trading volume of 369,257 shares, compared to its average volume of 637,849. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. 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 stock has a market cap of $14.01 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.88 and a beta of 1.04. The company's 50 day simple moving average is $180.74 and its 200 day simple moving average is $186.37.

IDEX (NYSE:IEX - Get Free Report) last released 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 analysts' expectations of $807.25 million. IDEX had a return on equity of 15.51% and a net margin of 14.60%. The business's revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. On average, equities research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Announces Dividend

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 dividend on an annualized basis and a yield of 1.53%. IDEX's dividend payout ratio (DPR) 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.