Vontobel Holding Ltd. Has $4.71 Million Stake in IDEX Corporation (NYSE:IEX)

Vontobel Holding Ltd. trimmed its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,042 shares of the industrial products company's stock after selling 2,933 shares during the period. Vontobel Holding Ltd.'s holdings in IDEX were worth $4,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock valued at $1,947,654,000 after acquiring an additional 63,432 shares during the period. Wellington Management Group LLP boosted its position in shares of IDEX by 49.1% during the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after buying an additional 1,388,667 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of IDEX by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,666,777 shares of the industrial products company's stock worth $767,421,000 after buying an additional 277,964 shares during the period. Geode Capital Management LLC boosted its position in shares of IDEX by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock worth $399,350,000 after buying an additional 21,758 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of IDEX by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,868,919 shares of the industrial products company's stock worth $391,147,000 after buying an additional 17,087 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on IEX shares. Citigroup reduced their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus upped their price objective on IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. 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 report on Friday, May 2nd. Robert W. Baird set a $215.00 price objective on IDEX in a research report on Friday, May 2nd. Finally, Mizuho set a $185.00 price target on IDEX in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have issued 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 price target of $212.50.

Insider Buying and Selling

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the firm's stock in a transaction 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 sale, the chief financial officer owned 5,035 shares of the company's stock, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Down 0.5%

NYSE IEX traded down $0.91 during trading hours on Friday, hitting $181.25. 224,051 shares of the company traded hands, compared to its average volume of 596,420. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 2.79. The business's 50-day moving average is $180.68 and its 200-day moving average is $189.20. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 1.84 and a beta of 1.04. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm had revenue of $814.30 million for the quarter, compared to analysts' expectations 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 quarter last year, the business earned $1.88 EPS. Sell-side analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a yield of 1.57%. IDEX's dividend payout ratio (DPR) 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.