Siemens Fonds Invest GmbH Has $888,000 Position in IDEX Co. (NYSE:IEX)

Siemens Fonds Invest GmbH grew its position in IDEX Co. (NYSE:IEX - Free Report) by 275.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,243 shares of the industrial products company's stock after buying an additional 3,113 shares during the period. Siemens Fonds Invest GmbH's holdings in IDEX were worth $888,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Banque de Luxembourg S.A. acquired a new stake in IDEX during the 4th quarter worth approximately $27,000. Quarry LP bought a new stake in shares of IDEX during the fourth quarter worth $49,000. Jones Financial Companies Lllp raised its holdings in shares of IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after acquiring an additional 106 shares during the period. Assetmark Inc. lifted its position 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 acquiring an additional 235 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in IDEX by 24,700.0% in the 4th quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock worth $104,000 after purchasing an additional 494 shares during the period. Institutional investors own 97.96% of the company's stock.

Analysts Set New Price Targets

IEX has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. DA Davidson cut their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Mizuho set a $185.00 price target on IDEX in a research report on Friday, May 16th. Citigroup lowered their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada increased their target price on shares of 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Down 1.0%

Shares of IDEX stock traded down $1.74 on Friday, reaching $179.39. 68,428 shares of the company were exchanged, compared to its average volume of 629,863. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.98 and a beta of 1.07. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a one year low of $153.36 and a one year high of $238.22. The company has a 50-day moving average of $176.97 and a 200 day moving average of $199.90.

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

IDEX Increases Dividend

The company also recently announced 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 an increase 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 of this dividend is Monday, May 19th. IDEX's dividend payout ratio (DPR) is 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.