IDEX Corporation (NYSE:IEX) Holdings Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in IDEX Corporation (NYSE:IEX - Free Report) by 29.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,099 shares of the industrial products company's stock after purchasing an additional 3,185 shares during the quarter. Exchange Traded Concepts LLC's holdings in IDEX were worth $2,551,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IEX. Wealth Enhancement Advisory Services LLC increased its holdings in IDEX by 4.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,139 shares of the industrial products company's stock valued at $930,000 after acquiring an additional 214 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in IDEX by 5.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 1,917 shares of the industrial products company's stock valued at $347,000 after acquiring an additional 92 shares in the last quarter. Albert D Mason Inc. increased its holdings in IDEX by 2.1% during the 1st quarter. Albert D Mason Inc. now owns 4,627 shares of the industrial products company's stock valued at $837,000 after acquiring an additional 95 shares in the last quarter. RMR Wealth Builders increased its holdings in IDEX by 5.1% during the 1st quarter. RMR Wealth Builders now owns 1,511 shares of the industrial products company's stock valued at $273,000 after acquiring an additional 74 shares in the last quarter. Finally, Net Worth Advisory Group increased its holdings in IDEX by 4.3% during the 1st quarter. Net Worth Advisory Group now owns 2,765 shares of the industrial products company's stock valued at $500,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Analyst Ratings Changes

IEX has been the subject of a number of recent research reports. Robert W. Baird set a $215.00 price target on shares of IDEX in a report on Friday, May 2nd. Stifel Nicolaus boosted their target price on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Royal Bank Of Canada boosted their target price on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Mizuho set a $185.00 target price on shares of IDEX in a report on Friday, May 16th. Finally, Citigroup reduced their price target 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Down 1.0%

Shares of NYSE IEX traded down $1.75 during trading on Friday, reaching $173.28. 2,463,247 shares of the stock were exchanged, compared to its average volume of 594,044. The business's 50-day moving average price is $178.57 and its 200 day moving average price is $192.49. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a quick ratio of 1.99, a current ratio of 2.79 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The business 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 company posted $1.88 earnings per share. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal 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 issued a $0.71 dividend. The ex-dividend date is Friday, July 11th. This represents a $2.84 annualized dividend and a yield of 1.64%. IDEX's dividend payout ratio is presently 45.01%.

Insider Activity at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the sale, the chief financial officer now directly owns 5,035 shares of the company's stock, valued at $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

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.