IDEX Co. (NYSE:IEX) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in IDEX Co. (NYSE:IEX - Free Report) by 146.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,873 shares of the industrial products company's stock after purchasing an additional 5,277 shares during the quarter. Quantinno Capital Management LP's holdings in IDEX were worth $1,857,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IEX. Banque de Luxembourg S.A. purchased a new stake in shares of IDEX during the 4th quarter valued at approximately $27,000. Quarry LP purchased a new stake in shares of IDEX during the 4th quarter valued at approximately $49,000. Jones Financial Companies Lllp raised its position in shares of IDEX by 35.2% during the 4th 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 position in shares of IDEX by 129.1% during 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 period. Finally, Ancora Advisors LLC raised its position in shares of 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 buying an additional 494 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Performance

Shares of NYSE:IEX traded down $1.57 on Friday, reaching $179.56. The company's stock had a trading volume of 421,433 shares, compared to its average volume of 584,161. The stock's 50-day moving average is $176.87 and its two-hundred day moving average is $199.58. IDEX Co. has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock has a market capitalization of $13.56 billion, a P/E ratio of 27.00, a PEG ratio of 1.98 and a beta of 1.07.

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

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.71 per share. This is a boost from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, May 19th. IDEX's dividend payout ratio is currently 45.01%.

Analyst Ratings Changes

IEX has been the topic of several analyst reports. 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. Robert W. Baird set a $215.00 price objective on IDEX in a research report on Friday, May 2nd. Citigroup cut their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report 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, Royal Bank of Canada raised their price objective on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, IDEX has a consensus rating of "Moderate Buy" and an average target price of $212.50.

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.