Johnson Investment Counsel Inc. Has $52.53 Million Holdings in IDEX Corporation (NYSE:IEX)

Johnson Investment Counsel Inc. increased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,262 shares of the industrial products company's stock after purchasing an additional 35,420 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.38% of IDEX worth $52,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of IDEX by 22.9% in the fourth quarter. Empowered Funds LLC now owns 1,592 shares of the industrial products company's stock valued at $333,000 after buying an additional 297 shares during the period. Asset Management One Co. Ltd. boosted its holdings in IDEX by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after acquiring an additional 1,209 shares during the last quarter. Handelsbanken Fonder AB increased its position in IDEX by 6.1% during the 4th quarter. Handelsbanken Fonder AB now owns 20,800 shares of the industrial products company's stock valued at $4,353,000 after purchasing an additional 1,200 shares during the period. Boston Financial Mangement LLC bought a new position in IDEX during the 4th quarter worth approximately $226,000. Finally, Allianz Asset Management GmbH lifted its position in shares of IDEX by 133.2% in the 4th quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company's stock worth $85,105,000 after purchasing an additional 232,255 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the transaction, the chief financial officer now owns 5,035 shares of the company's stock, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

IDEX Stock Performance

Shares of IDEX stock opened at $174.83 on Thursday. The business has a 50-day simple moving average of $178.31 and a 200 day simple moving average of $193.52. 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 firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.79 and a beta of 1.06.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data 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 15.51% and a net margin of 14.60%. The firm had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company's quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.62%. IDEX's dividend payout ratio is currently 45.01%.

Analyst Ratings Changes

Several research firms have recently weighed in on IEX. Stifel Nicolaus increased their price objective on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. 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 report on Friday, May 2nd. DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird set a $215.00 target price on IDEX in a research note on Friday, May 2nd. Finally, Mizuho set a $185.00 target price on IDEX in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $212.50.

IDEX Company 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.

Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Corporation (NYSE:IEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.