Worldquant Millennium Advisors LLC cut its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 52.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,594 shares of the industrial products company's stock after selling 33,162 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in IDEX were worth $6,194,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sovereign s Capital Management LLC acquired a new stake in shares of IDEX during the fourth quarter worth approximately $420,000. Squarepoint Ops LLC raised its stake in shares of IDEX by 4.2% in the 4th quarter. Squarepoint Ops LLC now owns 2,123 shares of the industrial products company's stock valued at $444,000 after purchasing an additional 85 shares in the last quarter. Tidal Investments LLC raised its stake in shares of IDEX by 2.9% in the 4th quarter. Tidal Investments LLC now owns 5,588 shares of the industrial products company's stock valued at $1,170,000 after purchasing an additional 160 shares in the last quarter. Texas Bank & Trust Co acquired a new stake in shares of IDEX in the 4th quarter valued at about $283,000. Finally, Siemens Fonds Invest GmbH raised its stake in shares of IDEX by 275.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,243 shares of the industrial products company's stock valued at $888,000 after purchasing an additional 3,113 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on IEX shares. Stifel Nicolaus boosted their price objective on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Robert W. Baird set a $215.00 target price 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 on the stock in a research note on Monday, April 14th. Mizuho set a $185.00 target price on shares of IDEX in a report on Friday, May 16th. Finally, DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.50.
View Our Latest Stock Analysis on IEX
IDEX Stock Performance
IEX opened at $181.10 on Thursday. The business's 50 day moving average is $177.05 and its 200-day moving average is $200.16. The stock has a market cap of $13.68 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. 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 twelve month low of $153.36 and a twelve month high of $238.22.
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, beating the consensus estimate of $1.64 by $0.11. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The firm had revenue of $814.30 million for the quarter, compared to analysts' expectations of $807.25 million. During the same period last year, the firm earned $1.88 EPS. The firm's revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.
IDEX Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $0.71 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.84 annualized dividend and a yield of 1.57%. This is an increase from IDEX's previous quarterly dividend of $0.69. IDEX's dividend payout ratio is presently 45.01%.
IDEX Profile
(
Free Report)
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.
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