275,267 Shares in IDEX Corporation (NYSE:IEX) Bought by Flossbach Von Storch SE

Flossbach Von Storch SE bought a new stake in IDEX Corporation (NYSE:IEX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 275,267 shares of the industrial products company's stock, valued at approximately $49,815,000. Flossbach Von Storch SE owned about 0.36% of IDEX as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in IDEX by 0.7% in the 4th 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 during the last quarter. Wellington Management Group LLP lifted its position in shares of IDEX by 49.1% in the 4th 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 during the period. Price T Rowe Associates Inc. MD lifted its position in shares of IDEX by 8.2% in 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 acquiring an additional 277,964 shares during the period. Impax Asset Management Group plc lifted its position in shares of IDEX by 11.5% in the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock worth $363,157,000 after acquiring an additional 207,172 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of 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 worth $399,350,000 after acquiring an additional 21,758 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Trading Up 1.1%

Shares of IEX stock traded up $2.06 on Thursday, reaching $186.44. 187,695 shares of the stock were exchanged, compared to its average volume of 600,788. The stock has a market cap of $14.08 billion, a PE ratio of 29.57, a P/E/G ratio of 1.85 and a beta of 1.04. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22. 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 stock has a 50 day moving average price of $181.21 and a 200 day moving average price of $188.75.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. The company had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. IDEX had a return on equity of 15.51% and a net margin of 14.60%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 earnings per share. Equities research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.52%. IDEX's dividend payout ratio (DPR) is presently 45.01%.

Insider Activity at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction on Thursday, June 5th. The stock was 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 directly owned 5,035 shares of the company's stock, valued at $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 available at this link. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird set a $215.00 price objective on IDEX in a research report on Friday, May 2nd. Citigroup reduced their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 stock a "buy" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada raised their target price on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.