New York State Common Retirement Fund Sells 12,906 Shares of IDEX Corporation (NYSE:IEX)

New York State Common Retirement Fund decreased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,267 shares of the industrial products company's stock after selling 12,906 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of IDEX worth $10,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in IDEX by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock worth $134,096,000 after buying an additional 73,540 shares during the last quarter. Snyder Capital Management L P increased its holdings in shares of IDEX by 12.2% in the 4th quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock valued at $100,500,000 after purchasing an additional 52,259 shares in the last quarter. Amalgamated Bank increased its holdings in shares of IDEX by 1.0% in the 1st quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock valued at $2,666,000 after purchasing an additional 141 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of IDEX by 49.0% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 301 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of IDEX by 0.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock valued at $1,508,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Insider Transactions at IDEX

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the sale, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Citigroup raised their target price on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Mizuho set a $185.00 price target on shares of IDEX in a research report on Friday, May 16th. Robert W. Baird set a $215.00 price target on shares of IDEX in a research report on Friday, May 2nd. Finally, Stifel Nicolaus lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $214.38.

IDEX Stock Performance

Shares of IDEX stock traded down $0.49 during trading on Friday, hitting $183.47. 651,955 shares of the stock were exchanged, compared to its average volume of 608,723. The stock's fifty day moving average is $181.37 and its 200 day moving average is $187.20. The stock has a market cap of $13.86 billion, a PE ratio of 29.08, a P/E/G ratio of 1.86 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 Corporation has a 12 month low of $153.36 and a 12 month high of $238.22.

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, topping the consensus estimate of $1.64 by $0.11. The business had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. As a group, sell-side analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The business 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 dividend of $0.71 per share. The ex-dividend date is Friday, July 11th. This represents a $2.84 annualized dividend and a yield of 1.55%. IDEX's payout ratio is presently 45.01%.

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.