IDEX Corporation (NYSE:IEX) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC decreased its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 0.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 242,135 shares of the industrial products company's stock after selling 2,024 shares during the period. IDEX accounts for about 3.3% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 8th largest position. Mountain Pacific Investment Advisers LLC owned about 0.32% of IDEX worth $43,819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Exchange Traded Concepts LLC grew its holdings in IDEX by 29.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,099 shares of the industrial products company's stock valued at $2,551,000 after buying an additional 3,185 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in IDEX by 4.3% in 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 buying an additional 214 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in IDEX by 5.0% in 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 buying an additional 92 shares during the last quarter. Albert D Mason Inc. grew its holdings in IDEX by 2.1% in the 1st quarter. Albert D Mason Inc. now owns 4,627 shares of the industrial products company's stock valued at $837,000 after buying an additional 95 shares during the last quarter. Finally, RMR Wealth Builders grew its holdings in IDEX by 5.1% in the 1st quarter. RMR Wealth Builders now owns 1,511 shares of the industrial products company's stock valued at $273,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Performance

Shares of NYSE:IEX traded down $1.16 during trading on Thursday, hitting $174.83. 888,840 shares of the stock were exchanged, compared to its average volume of 587,418. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06. The company's fifty day simple moving average is $178.31 and its 200-day simple moving average is $193.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 2.79.

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 the consensus estimate of $1.64 by $0.11. The business 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%. IDEX's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. Sell-side analysts expect that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.62%. IDEX's dividend payout ratio (DPR) is presently 45.01%.

Insider Buying and Selling

In other IDEX 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 value of $45,222.50. Following the completion of the transaction, the chief financial officer now owns 5,035 shares in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a report on Friday, May 2nd. DA Davidson lowered their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Royal Bank Of Canada raised their target price on 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 price objective on IDEX in a report on Friday, May 16th. Finally, Robert W. Baird set a $215.00 price objective on IDEX in a report on Friday, May 2nd. 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, the stock presently has an average rating of "Moderate Buy" and an average 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.