IDEX Corporation (NYSE:IEX) Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp grew its position in IDEX Corporation (NYSE:IEX - Free Report) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,474 shares of the industrial products company's stock after buying an additional 40,460 shares during the quarter. Boston Trust Walden Corp owned 0.36% of IDEX worth $49,310,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock valued at $1,947,654,000 after buying an additional 63,432 shares in the last quarter. Wellington Management Group LLP increased its position in shares of IDEX by 49.1% in the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock valued at $883,119,000 after buying an additional 1,388,667 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in IDEX by 8.2% during 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 purchasing an additional 277,964 shares in the last quarter. Geode Capital Management LLC raised its stake in IDEX by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock valued at $399,350,000 after purchasing an additional 21,758 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings 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 valued at $391,147,000 after purchasing an additional 17,087 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho set a $185.00 price target on shares of IDEX in a research note on Friday, May 16th. Citigroup decreased their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock 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 stock 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, Royal Bank Of Canada raised their target price 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $212.50.

Insiders Place Their Bets

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 transaction of $45,222.50. Following the completion of the transaction, the chief financial officer now owns 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

IDEX Trading Up 0.1%

NYSE IEX traded up $0.22 during mid-day trading on Monday, hitting $173.37. The company's stock had a trading volume of 965,446 shares, compared to its average volume of 595,530. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The stock's fifty day simple moving average is $178.64 and its two-hundred day simple moving average is $191.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.79 and a quick ratio of 1.99. The firm has a market capitalization of $13.10 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06.

IDEX (NYSE:IEX - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $807.25 million. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. Research analysts expect that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors 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 dividend on an annualized basis and a dividend yield of 1.64%. IDEX's dividend payout ratio (DPR) is presently 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.