IDEX Corporation (NYSE:IEX) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 329.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,193 shares of the industrial products company's stock after purchasing an additional 7,050 shares during the period. SG Americas Securities LLC's holdings in IDEX were worth $1,664,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in IDEX by 81.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 64 shares in the last quarter. Banque de Luxembourg S.A. purchased a new position in shares of IDEX during the 4th quarter valued at approximately $27,000. UMB Bank n.a. grew its position in shares of IDEX by 63.5% during the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after buying an additional 87 shares in the last quarter. Quarry LP bought a new stake in shares of IDEX in the fourth quarter worth $49,000. Finally, Versant Capital Management Inc raised its holdings in IDEX by 970.7% in the first quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 398 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer now directly owns 5,035 shares in the company, valued at $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

IDEX Stock Performance

IDEX stock traded down $1.16 during mid-day trading on Thursday, hitting $174.83. 888,840 shares of the company's stock traded hands, compared to its average volume of 587,418. The company has a quick ratio of 1.99, a current ratio of 2.79 and a debt-to-equity ratio of 0.47. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22. The firm has a 50 day moving average price of $178.31 and a 200 day moving average price of $193.52. The company has a market cap of $13.21 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly 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 company had revenue of $814.30 million for the quarter, compared to analyst estimates of $807.25 million. IDEX had a return on equity of 15.51% and a net margin of 14.60%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. On average, equities analysts forecast that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.62%. IDEX's dividend payout ratio is currently 45.01%.

Analysts Set New Price Targets

A number of equities analysts recently commented on IEX shares. Mizuho set a $185.00 price target on IDEX in a research note on Friday, May 16th. Stifel Nicolaus upped their price target on 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 shares of IDEX in a report on Friday, May 2nd. 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 report on Friday, May 2nd. Finally, Citigroup dropped 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and a consensus price target 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.