IDEX Corporation (NYSE:IEX) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of IDEX Corporation (NYSE:IEX - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,147 shares of the industrial products company's stock after selling 9,810 shares during the period. DekaBank Deutsche Girozentrale owned 0.14% of IDEX worth $18,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEX. Wealth Enhancement Advisory Services LLC raised its position in shares of IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after acquiring an additional 61 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of IDEX by 0.7% in the 1st 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised 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 acquiring an additional 64 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position 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, RMR Wealth Builders raised its position in shares of IDEX by 5.1% in the 1st quarter. RMR Wealth Builders now owns 1,511 shares of the industrial products company's stock worth $273,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

NYSE IEX traded down $2.71 on Friday, hitting $182.00. 245,312 shares of the company traded hands, compared to its average volume of 643,759. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.87 and a beta of 1.04. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47. The business's 50 day moving average price is $181.41 and its 200-day moving average price is $188.57. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) 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 firm had revenue of $814.30 million for the quarter, compared to analysts' expectations of $807.25 million. During the same period in the previous year, the firm posted $1.88 earnings per share. The business's revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued 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 1.56%. IDEX's payout ratio is 45.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho set a $185.00 price objective on IDEX in a research report on Friday, May 16th. Stifel Nicolaus raised their price objective on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Citigroup decreased their price target on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird set a $215.00 price objective on IDEX in a report on Friday, May 2nd. Finally, Royal Bank Of Canada lifted their price objective on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $212.50.

Insider Activity

In related news, CFO Akhil Mahendra sold 250 shares of the business'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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

IDEX Company 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.