Dynamic Technology Lab Private Ltd bought a new position in shares of IDEX Co. (NYSE:IEX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,561 shares of the industrial products company’s stock, valued at approximately $1,648,000.
Several other large investors have also added to or reduced their stakes in the stock. First Bank & Trust grew its position in shares of IDEX by 0.5% during the second quarter. First Bank & Trust now owns 7,326 shares of the industrial products company’s stock worth $828,000 after purchasing an additional 34 shares in the last quarter. Steinberg Global Asset Management grew its holdings in IDEX by 0.6% during the 2nd quarter. Steinberg Global Asset Management now owns 8,597 shares of the industrial products company’s stock valued at $972,000 after buying an additional 51 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in IDEX by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,302 shares of the industrial products company’s stock valued at $1,504,000 after buying an additional 113 shares in the last quarter. World Asset Management Inc grew its holdings in IDEX by 2.5% during the 2nd quarter. World Asset Management Inc now owns 5,751 shares of the industrial products company’s stock valued at $650,000 after buying an additional 140 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in IDEX by 1.1% during the 2nd quarter. M&T Bank Corp now owns 21,623 shares of the industrial products company’s stock valued at $2,443,000 after buying an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.
Shares of IDEX Co. (IEX) traded down $0.40 during trading on Monday, hitting $133.59. The stock had a trading volume of 253,891 shares, compared to its average volume of 306,103. The stock has a market cap of $10,237.08, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.24. The company has a current ratio of 2.84, a quick ratio of 2.04 and a debt-to-equity ratio of 0.48. IDEX Co. has a 12-month low of $88.29 and a 12-month high of $135.70.
IDEX (NYSE:IEX) last announced its earnings results on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. The firm had revenue of $574.50 million during the quarter, compared to analysts’ expectations of $563.23 million. IDEX had a return on equity of 19.07% and a net margin of 13.48%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. equities analysts expect that IDEX Co. will post 4.26 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Monday, January 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. IDEX’s dividend payout ratio (DPR) is 37.95%.
IEX has been the subject of several research analyst reports. Zacks Investment Research upgraded IDEX from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Friday, September 15th. Robert W. Baird restated a “buy” rating and set a $129.00 price target on shares of IDEX in a report on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of IDEX in a report on Thursday, September 21st. BidaskClub cut IDEX from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of IDEX in a report on Wednesday, September 6th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $113.78.
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IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).
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