Edgestream Partners L.P. Has $2.46 Million Holdings in IDEX Corporation (NYSE:IEX)

Edgestream Partners L.P. boosted its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 798.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,595 shares of the industrial products company's stock after buying an additional 12,081 shares during the period. Edgestream Partners L.P.'s holdings in IDEX were worth $2,460,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IEX. Dimensional Fund Advisors LP raised its holdings in shares of IDEX by 13.0% in the fourth 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 during the last quarter. Snyder Capital Management L P increased its holdings in IDEX by 12.2% during the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock worth $100,500,000 after buying an additional 52,259 shares during the last quarter. Amalgamated Bank increased its holdings in 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 buying an additional 141 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 301 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in 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 buying an additional 61 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on IEX shares. Stifel Nicolaus upped their price objective on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Mizuho set a $185.00 price objective on shares of IDEX in a research report on Friday, May 16th. Citigroup boosted their target price on IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research note on Monday. Royal Bank Of Canada boosted their target price on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Robert W. Baird set a $215.00 target price on IDEX in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $214.38.

IDEX Trading Down 0.3%

Shares of IDEX stock traded down $0.49 on Friday, hitting $183.47. The stock had a trading volume of 651,955 shares, compared to its average volume of 607,844. The stock has a 50 day moving average of $181.37 and a 200 day moving average of $187.53. 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 firm has a market capitalization of $13.86 billion, a P/E ratio of 29.08, a PEG ratio of 1.82 and a beta of 1.04.

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 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 firm posted $1.88 earnings per share. The firm's revenue was up 1.7% compared to the same quarter last year. Sell-side analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, July 11th. IDEX's dividend payout ratio is presently 45.01%.

Insiders Place Their Bets

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.