Speece Thorson Capital Group Inc. Has $13.86 Million Stock Holdings in IDEX Corporation (NYSE:IEX)

Speece Thorson Capital Group Inc. grew its position in IDEX Corporation (NYSE:IEX - Free Report) by 58.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,567 shares of the industrial products company's stock after purchasing an additional 28,343 shares during the period. IDEX comprises about 2.9% of Speece Thorson Capital Group Inc.'s portfolio, making the stock its 18th largest position. Speece Thorson Capital Group Inc. owned approximately 0.10% of IDEX worth $13,856,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. raised its holdings in IDEX by 1.0% in the first quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company's stock worth $1,084,000 after purchasing an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of IDEX by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after acquiring an additional 61 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of IDEX by 0.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock worth $1,508,000 after acquiring an additional 61 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after acquiring an additional 64 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of IDEX by 3.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,127 shares of the industrial products company's stock worth $445,000 after acquiring an additional 66 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IEX has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price objective on shares of IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Stifel Nicolaus raised their price objective on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Mizuho set a $185.00 price objective on shares of IDEX in a report on Friday, May 16th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a 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 report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $212.50.

Insider Buying and Selling at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer directly owned 5,035 shares in the company, valued at $910,781.15. The trade was a 4.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

IDEX Stock Down 2.1%

Shares of IEX stock opened at $181.61 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $238.22. The firm's fifty day moving average price is $181.41 and its two-hundred day moving average price is $188.20. The firm has a market capitalization of $13.72 billion, a P/E ratio of 28.78, a PEG ratio of 1.84 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The firm had revenue of $814.30 million for the quarter, compared to analyst estimates of $807.25 million. During the same period in the previous year, the business earned $1.88 EPS. The company's revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.56%. IDEX's dividend payout ratio is presently 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.

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