Zurcher Kantonalbank Zurich Cantonalbank raised its position in IDEX Co. (NYSE:IEX) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,509 shares of the industrial products company’s stock after acquiring an additional 3,976 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.21% of IDEX worth $19,376,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of IEX. Teachers Advisors LLC boosted its holdings in IDEX by 6.6% in the first quarter. Teachers Advisors LLC now owns 75,118 shares of the industrial products company’s stock worth $7,024,000 after purchasing an additional 4,648 shares during the period. Dimensional Fund Advisors LP boosted its holdings in IDEX by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 377,304 shares of the industrial products company’s stock worth $35,280,000 after purchasing an additional 5,634 shares during the period. Capstone Asset Management Co. boosted its holdings in IDEX by 3.5% in the second quarter. Capstone Asset Management Co. now owns 7,189 shares of the industrial products company’s stock worth $812,000 after purchasing an additional 240 shares during the period. Bank of Montreal Can boosted its holdings in IDEX by 25.4% in the second quarter. Bank of Montreal Can now owns 19,710 shares of the industrial products company’s stock worth $2,227,000 after purchasing an additional 3,991 shares during the period. Finally, Creative Planning boosted its holdings in IDEX by 98.5% in the second quarter. Creative Planning now owns 2,823 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 1,401 shares during the period. 97.02% of the stock is owned by institutional investors.
IDEX Co. (IEX) traded up $0.31 on Thursday, reaching $132.30. The company had a trading volume of 243,713 shares, compared to its average volume of 305,709. IDEX Co. has a 12-month low of $88.29 and a 12-month high of $135.70. The company has a current ratio of 2.84, a quick ratio of 2.04 and a debt-to-equity ratio of 0.48. The firm has a market cap of $10,149.99, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.40 and a beta of 1.24.
IDEX (NYSE:IEX) last released its quarterly earnings data on Monday, October 16th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. IDEX had a return on equity of 19.07% and a net margin of 13.48%. The business had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $563.23 million. During the same period in the previous year, the business posted $0.92 earnings per share. IDEX’s quarterly revenue was up 8.3% on a year-over-year basis. research analysts expect that IDEX Co. will post 4.26 EPS for the current year.
The firm 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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, January 11th. IDEX’s payout ratio is presently 37.95%.
A number of equities research analysts have issued reports on IEX shares. Zacks Investment Research cut IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada raised their target price on IDEX from $124.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of IDEX in a research note on Friday, October 20th. Stifel Nicolaus restated a “hold” rating and set a $120.00 price objective on shares of IDEX in a research note on Sunday, September 3rd. Finally, Cowen restated a “hold” rating and set a $95.00 price objective on shares of IDEX in a research note on Friday, October 6th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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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