Nomura Holdings Inc. Purchases Shares of 4,985 IDEX Co. (NYSE:IEX)

Nomura Holdings Inc. bought a new position in IDEX Co. (NYSE:IEX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,985 shares of the industrial products company's stock, valued at approximately $1,043,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Banque de Luxembourg S.A. acquired a new position in IDEX in the 4th quarter worth about $27,000. Quarry LP bought a new stake in shares of IDEX during the fourth quarter worth about $49,000. Jones Financial Companies Lllp increased its stake in shares of IDEX by 35.2% in 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 period. Assetmark Inc. raised its holdings in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after buying an additional 235 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in IDEX by 24,700.0% during the 4th quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock worth $104,000 after buying an additional 494 shares during the period. Institutional investors own 97.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Robert W. Baird set a $215.00 price target on shares of IDEX in a research report on Friday, May 2nd. Royal Bank of Canada raised their target price on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Citigroup reduced their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. DA Davidson decreased their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. 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 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. Based on data from MarketBeat, IDEX currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.50.

IDEX Stock Up 0.0%

IEX stock traded up $0.04 during mid-day trading on Thursday, reaching $181.20. 468,920 shares of the company traded hands, compared to its average volume of 584,172. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm's 50 day moving average price is $177.05 and its 200 day moving average price is $200.16. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 1.98 and a beta of 1.07. IDEX Co. has a fifty-two week low of $153.36 and a fifty-two week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. The company had revenue of $814.30 million for the quarter, compared to analysts' expectations of $807.25 million. IDEX had a return on equity of 16.08% and a net margin of 15.45%. IDEX's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, equities research analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.71 dividend. This is a boost from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, May 19th. IDEX's payout ratio is currently 45.01%.

IDEX 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.