Siemens Fonds Invest GmbH Acquires 3,113 Shares of IDEX Co. (NYSE:IEX)

Siemens Fonds Invest GmbH increased its holdings in IDEX Co. (NYSE:IEX - Free Report) by 275.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,243 shares of the industrial products company's stock after acquiring 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.

Other institutional investors also recently modified their holdings of the company. Banque de Luxembourg S.A. bought a new position in shares of IDEX in the fourth quarter valued at approximately $27,000. Quarry LP bought a new position in shares of IDEX in the fourth quarter valued at approximately $49,000. Jones Financial Companies Lllp grew 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 valued at $85,000 after acquiring an additional 106 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of IDEX in the fourth quarter valued at approximately $86,000. Finally, Assetmark Inc. grew its holdings in shares of IDEX by 129.1% in the fourth 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. 97.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IEX shares. Stifel Nicolaus upped their target price on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a report on Friday, May 2nd. DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Robert W. Baird set a $215.00 price objective on IDEX in a report on Friday, May 2nd. Mizuho set a $185.00 price objective on IDEX in a report on Friday, May 16th. Finally, Citigroup reduced their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Performance

Shares of IDEX stock traded down $1.35 during trading hours on Friday, reaching $180.79. The company had a trading volume of 834,199 shares, compared to its average volume of 583,218. IDEX Co. has a one year low of $153.36 and a one year high of $238.22. The business has a fifty day simple moving average of $176.59 and a 200 day simple moving average of $197.91. 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 firm has a market cap of $13.66 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07.

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

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a $0.71 dividend. This is a positive change 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 dividend 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.