IDEX Co. (NYSE:IEX) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in IDEX Co. (NYSE:IEX - Free Report) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,027 shares of the industrial products company's stock after purchasing an additional 7,798 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of IDEX worth $11,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in IDEX by 12.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 76,105 shares of the industrial products company's stock valued at $16,156,000 after acquiring an additional 8,430 shares in the last quarter. Ieq Capital LLC increased its position in IDEX by 22.9% during the 4th quarter. Ieq Capital LLC now owns 1,426 shares of the industrial products company's stock worth $310,000 after purchasing an additional 266 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in IDEX by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 369,268 shares of the industrial products company's stock valued at $80,172,000 after purchasing an additional 20,785 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of IDEX by 7.2% during the fourth quarter. QRG Capital Management Inc. now owns 6,469 shares of the industrial products company's stock worth $1,404,000 after buying an additional 435 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in IDEX during the fourth quarter worth approximately $2,981,000. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Up 0.0 %

Shares of IDEX stock traded up $0.09 during trading on Friday, reaching $222.33. The company had a trading volume of 215,777 shares, compared to its average volume of 411,420. The company has a market cap of $16.83 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36. The firm's fifty day moving average is $232.47 and its 200-day moving average is $219.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.37.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The business had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.52 million. During the same period in the previous year, the business posted $2.09 EPS. The company's quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts anticipate that IDEX Co. will post 8.31 EPS for the current year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.69 dividend. This is a positive change from IDEX's previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.76 annualized dividend and a dividend yield of 1.24%. IDEX's dividend payout ratio is 36.32%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upgraded shares of IDEX from a "hold" rating to a "buy" rating and boosted their target price for the company from $215.00 to $265.00 in a report on Thursday, February 8th. Oppenheimer raised their price target on shares of IDEX from $245.00 to $252.00 and gave the company an "outperform" rating in a report on Thursday, April 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $255.00 price objective on shares of IDEX in a research note on Thursday, March 21st. Robert W. Baird cut their target price on shares of IDEX from $260.00 to $256.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com raised IDEX from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $250.71.

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.