IDEX Co. (NYSE:IEX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,687 shares of the industrial products company's stock after selling 15,949 shares during the period. Nuveen Asset Management LLC owned 0.23% of IDEX worth $36,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Banque de Luxembourg S.A. purchased a new stake in shares of IDEX in the fourth quarter valued at $27,000. Quarry LP bought a new position in shares of IDEX during the fourth quarter valued at approximately $49,000. Jones Financial Companies Lllp raised its holdings 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 worth $85,000 after buying an additional 106 shares during the period. Assetmark Inc. lifted its stake in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after acquiring an additional 235 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in IDEX by 24,700.0% during the 4th quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock valued at $104,000 after acquiring an additional 494 shares during the period. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IEX has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Robert W. Baird set a $215.00 price objective on shares of IDEX in a report on Friday, May 2nd. Royal Bank of Canada boosted their price objective on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, Mizuho set a $185.00 target price on shares of IDEX in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, IDEX has an average rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Down 0.9%

IEX traded down $1.57 on Monday, hitting $179.56. The company had a trading volume of 421,433 shares, compared to its average volume of 584,161. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 1.98 and a beta of 1.07. The stock has a fifty day moving average price of $176.87 and a 200-day moving average price of $199.13. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $238.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. IDEX had a net margin of 15.45% and a return on equity of 16.08%. The firm had revenue of $814.30 million during the quarter, compared to analyst estimates of $807.25 million. During the same quarter in the previous year, the business posted $1.88 EPS. IDEX's revenue was up 1.7% on a year-over-year basis. Analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.71 dividend. This is a positive change from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, May 19th. IDEX's dividend payout ratio (DPR) is presently 45.01%.

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.