UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $156.46 Million Holdings in IDEX Co. (NYSE:IEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in IDEX Co. (NYSE:IEX - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 747,554 shares of the industrial products company's stock after acquiring an additional 102,129 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.99% of IDEX worth $156,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IEX. Sovereign s Capital Management LLC purchased a new position in shares of IDEX during the 4th quarter worth $420,000. Squarepoint Ops LLC grew its holdings in IDEX by 4.2% during the 4th quarter. Squarepoint Ops LLC now owns 2,123 shares of the industrial products company's stock valued at $444,000 after buying an additional 85 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of IDEX by 2.9% during the 4th quarter. Tidal Investments LLC now owns 5,588 shares of the industrial products company's stock worth $1,170,000 after acquiring an additional 160 shares in the last quarter. Texas Bank & Trust Co bought a new stake in IDEX in the fourth quarter worth $283,000. Finally, Siemens Fonds Invest GmbH grew its stake in shares of IDEX by 275.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,243 shares of the industrial products company's stock worth $888,000 after buying an additional 3,113 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IEX. Stifel Nicolaus upped their price objective on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Citigroup decreased their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Mizuho set a $185.00 price target on IDEX in a report on Friday, May 16th. Royal Bank of Canada upped their price objective on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, DA Davidson dropped 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. Three investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.50.

IDEX Trading Down 0.9%

IEX traded down $1.69 during trading on Wednesday, hitting $181.77. 110,944 shares of the company's stock were exchanged, compared to its average volume of 581,982. The stock has a 50 day moving average price of $176.76 and a 200 day moving average price of $198.68. 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 1 year low of $153.36 and a 1 year high of $238.22. The firm has a market cap of $13.73 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07.

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, topping analysts' consensus estimates of $1.64 by $0.11. IDEX had a net margin of 15.45% and a return on equity of 16.08%. The business had revenue of $814.30 million during the quarter, compared to analyst estimates of $807.25 million. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The business's revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a $0.71 dividend. This is a boost from IDEX's previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.84 annualized dividend and a dividend yield of 1.56%. IDEX's dividend payout ratio is presently 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.