Natixis Advisors LLC Has $5.39 Million Stock Holdings in IDEX Corporation (NYSE:IEX)

Key Points

• Natixis Advisors LLC reduced its holdings in IDEX Corporation by 14.6% in Q1, selling 5,090 shares and holding a total of 29,794 shares valued at approximately $5.39 million.
• IDEX Corporation reported a 7.2% increase in revenue year-over-year, with earnings per share of $2.07 for the last quarter, exceeding analyst estimates of $2.00.
• The company also declared a quarterly dividend of $0.71 per share, yielding 1.8% with a payout ratio of 45.88%.

Natixis Advisors LLC trimmed its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,794 shares of the industrial products company's stock after selling 5,090 shares during the period. Natixis Advisors LLC's holdings in IDEX were worth $5,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IEX. American Century Companies Inc. grew its stake in IDEX by 3.4% during the 4th quarter. American Century Companies Inc. now owns 9,655 shares of the industrial products company's stock worth $2,021,000 after buying an additional 314 shares during the last quarter. LPL Financial LLC increased its holdings in shares of IDEX by 13.6% in the 4th quarter. LPL Financial LLC now owns 19,702 shares of the industrial products company's stock worth $4,123,000 after acquiring an additional 2,363 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in IDEX in the 4th quarter valued at about $448,000. O Shaughnessy Asset Management LLC boosted its position in shares of IDEX by 4.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,128 shares of the industrial products company's stock worth $655,000 after buying an additional 127 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in IDEX by 187.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 21,799 shares of the industrial products company's stock worth $4,562,000 after buying an additional 14,209 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Akhil Mahendra sold 250 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the transaction, the chief financial officer owned 5,035 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IEX shares. Mizuho set a $185.00 target price on IDEX in a research note on Friday, May 16th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a report on Friday, May 2nd. Citigroup increased their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a "neutral" rating in a research note on Monday. Finally, Stifel Nicolaus lowered their price objective on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Trading Down 0.2%

NYSE:IEX traded down $0.29 during trading hours on Friday, hitting $158.24. 613,915 shares of the stock were exchanged, compared to its average volume of 672,416. The company has a market capitalization of $11.91 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company's 50 day moving average is $177.75 and its two-hundred day moving average is $183.65. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. The company had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. On average, sell-side analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. IDEX's dividend payout ratio (DPR) is presently 45.88%.

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.