Robeco Schweiz AG Cuts Stock Holdings in IDEX Corporation (NYSE:IEX)

Robeco Schweiz AG trimmed its position in IDEX Corporation (NYSE:IEX - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,779 shares of the industrial products company's stock after selling 5,284 shares during the period. Robeco Schweiz AG owned approximately 0.37% of IDEX worth $50,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IEX. Dimensional Fund Advisors LP boosted its position in shares of IDEX by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock worth $134,096,000 after purchasing an additional 73,540 shares in the last quarter. Snyder Capital Management L P raised its stake in IDEX by 12.2% in the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock valued at $100,500,000 after buying an additional 52,259 shares during the last quarter. Amalgamated Bank boosted its holdings in IDEX by 1.0% in the first quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock worth $2,666,000 after acquiring an additional 141 shares in the last quarter. GAMMA Investing LLC boosted its holdings in IDEX by 49.0% in the first quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock worth $166,000 after acquiring an additional 301 shares in the last quarter. Finally, Assetmark Inc. grew its position in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of research reports. Citigroup cut their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho set a $185.00 price objective on shares of IDEX in a report on Friday, May 16th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research note 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 research report on Friday, May 2nd. Finally, Royal Bank Of Canada increased their price target on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Performance

Shares of IEX traded down $3.82 during trading hours on Friday, hitting $181.61. The stock had a trading volume of 646,834 shares, compared to its average volume of 604,776. The firm has a 50-day moving average price of $181.41 and a 200 day moving average price of $188.20. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.84 and a beta of 1.04. 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 released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, beating 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 company had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same quarter in the previous year, the company earned $1.88 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, July 11th. IDEX's payout ratio is currently 45.01%.

Insider Activity at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 5,035 shares in the company, valued at $910,781.15. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

IDEX Profile

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.