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

Mn Services Vermogensbeheer B.V. lowered its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,490 shares of the industrial products company's stock after selling 2,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in IDEX were worth $4,975,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Banque de Luxembourg S.A. bought a new stake in shares of IDEX in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of IDEX by 81.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 64 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 87 shares during the last quarter. Quarry LP bought a new stake in shares of IDEX in the 4th quarter valued at about $49,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

IDEX Stock Down 1.0%

Shares of IEX stock traded down $1.75 during midday trading on Friday, reaching $173.28. 2,463,247 shares of the stock were exchanged, compared to its average volume of 594,044. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $238.22. The company's 50 day moving average is $178.57 and its two-hundred day moving average is $192.49. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47. The firm has a market cap of $13.09 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $807.25 million. During the same quarter in the prior year, the business earned $1.88 EPS. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.64%. IDEX's dividend payout ratio (DPR) is 45.01%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Robert W. Baird set a $215.00 price target on IDEX in a report on Friday, May 2nd. Mizuho set a $185.00 price target on IDEX in a report on Friday, May 16th. Citigroup reduced their price target on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank Of Canada boosted their price target on IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Three investment 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.com, IDEX presently has a consensus rating of "Moderate Buy" and an average price target of $212.50.

Insiders Place Their Bets

In related news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction that occurred 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 represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

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.