Graham Capital Management L.P. Has $4.25 Million Position in IDEX Co. (NYSE:IEX)

Graham Capital Management L.P. lifted its stake in IDEX Co. (NYSE:IEX - Free Report) by 145.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,300 shares of the industrial products company's stock after buying an additional 12,013 shares during the quarter. Graham Capital Management L.P.'s holdings in IDEX were worth $4,249,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its holdings in IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 48 shares during the period. Albert D Mason Inc. raised its stake in IDEX by 1.3% during the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after acquiring an additional 56 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its holdings in shares of IDEX by 2.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after acquiring an additional 60 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in IDEX by 3.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company's stock worth $381,000 after buying an additional 63 shares in the last quarter. Finally, Net Worth Advisory Group lifted its holdings in shares of IDEX by 2.8% in the fourth quarter. Net Worth Advisory Group now owns 2,651 shares of the industrial products company's stock valued at $555,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. DA Davidson dropped their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada upped their price target on shares of 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 shares of IDEX in a research 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 for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $211.25.

IDEX Stock Performance

Shares of IDEX stock traded down $0.01 during trading hours on Tuesday, reaching $191.28. The company's stock had a trading volume of 31,552 shares, compared to its average volume of 575,408. IDEX Co. has a one year low of $153.36 and a one year high of $238.22. The company's 50 day simple moving average is $176.45 and its 200 day simple moving average is $201.13. The stock has a market cap of $14.45 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same period in the previous year, the company earned $1.88 earnings per share. The company'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 business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 19th. This represents a $2.84 dividend on an annualized basis and a yield of 1.48%. This is a positive change from IDEX's previous quarterly dividend of $0.69. IDEX's payout ratio is 43.74%.

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.