IDEX Co. (NYSE:IEX) is Fenimore Asset Management Inc's 7th Largest Position

Fenimore Asset Management Inc lifted its position in IDEX Co. (NYSE:IEX - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 855,951 shares of the industrial products company's stock after purchasing an additional 16,444 shares during the period. IDEX comprises 3.3% of Fenimore Asset Management Inc's portfolio, making the stock its 7th largest holding. Fenimore Asset Management Inc owned approximately 1.13% of IDEX worth $154,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in IDEX by 0.7% during 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 acquiring an additional 63,432 shares during the period. Wellington Management Group LLP grew its position in 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 worth $883,119,000 after acquiring an additional 1,388,667 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $767,421,000 after buying an additional 277,964 shares during the period. Geode Capital Management LLC raised its stake in shares of IDEX by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock valued at $399,350,000 after acquiring an additional 21,758 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of IDEX by 0.9% during the fourth 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 buying an additional 17,087 shares during the period. 97.96% of the stock is currently owned by institutional investors.

Insider Transactions at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction dated 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 now directly owns 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 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 Stock Down 0.1%

Shares of NYSE:IEX traded down $0.14 during trading on Monday, reaching $183.17. The stock had a trading volume of 626,567 shares, compared to its average volume of 625,838. The firm's 50-day simple moving average is $176.46 and its 200 day simple moving average is $195.89. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a one year low of $153.36 and a one year high of $238.22. The company has a market capitalization of $13.84 billion, a P/E ratio of 27.54, a PEG ratio of 1.98 and a beta of 1.06.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm had revenue of $814.30 million for the quarter, compared to the consensus estimate of $807.25 million. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. As a group, research analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.71 per share. This is a positive change from IDEX's previous quarterly dividend of $0.69. The ex-dividend date was Monday, May 19th. This represents a $2.84 dividend on an annualized basis and a yield of 1.55%. IDEX's dividend payout ratio is presently 45.01%.

Analyst Ratings Changes

Several equities analysts have commented on IEX shares. Robert W. Baird set a $215.00 price objective on IDEX in a research report on Friday, May 2nd. DA Davidson decreased their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Citigroup dropped their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Mizuho set a $185.00 price objective on IDEX in a research note on Friday, May 16th. Finally, Stifel Nicolaus lifted their target price on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $212.50.

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.