Mn Services Vermogensbeheer B.V. Sells 2,900 Shares of IDEX Corporation (NYSE:IEX)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,490 shares of the industrial products company's stock after selling 2,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in IDEX were worth $4,975,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banque de Luxembourg S.A. purchased a new stake in IDEX in the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of IDEX by 81.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after purchasing an additional 64 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of IDEX by 63.5% in the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after purchasing an additional 87 shares during the last quarter. Quarry LP purchased a new stake in shares of IDEX in the fourth quarter worth about $49,000. Finally, Jones Financial Companies Lllp boosted its stake in IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after buying an additional 106 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Trading Down 0.7%

Shares of NYSE IEX traded down $1.16 during trading hours on Thursday, hitting $174.83. 888,840 shares of the company traded hands, compared to its average volume of 587,418. The stock 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 50 day moving average price is $178.31 and its 200 day moving average price is $193.52. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47.

IDEX (NYSE:IEX - Get Free Report) last posted 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. The business had revenue of $814.30 million for the quarter, compared to analysts' expectations of $807.25 million. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The business's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, equities research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IEX shares. Mizuho set a $185.00 price objective on IDEX in a research note on Friday, May 16th. Royal Bank Of Canada raised their target price on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Robert W. Baird set a $215.00 price target on shares of IDEX in a research note on Friday, May 2nd. DA Davidson lowered their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their price objective on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.50.

Insider Buying and Selling at IDEX

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the 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 sale, the chief financial officer now owns 5,035 shares in the company, valued at $910,781.15. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

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.