Two Sigma Securities LLC bought a new stake in IDEX Co. (NYSE:IEX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,356 shares of the industrial products company’s stock, valued at approximately $550,000.
Several other large investors have also recently modified their holdings of IEX. Oregon Public Employees Retirement Fund boosted its holdings in shares of IDEX by 10,176.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,856,591 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 4,809,330 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of IDEX in the fourth quarter valued at about $26,223,000. Capital Research Global Investors purchased a new stake in shares of IDEX in the third quarter valued at about $25,677,000. Gateway Investment Advisers LLC boosted its holdings in shares of IDEX by 8,284.5% in the fourth quarter. Gateway Investment Advisers LLC now owns 124,678 shares of the industrial products company’s stock valued at $15,742,000 after acquiring an additional 123,191 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of IDEX by 155.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 162,790 shares of the industrial products company’s stock valued at $20,552,000 after acquiring an additional 99,100 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.
In other IDEX news, SVP Jeffrey D. Bucklew sold 2,255 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $143.02, for a total value of $322,510.10. Following the sale, the senior vice president now owns 2,255 shares of the company’s stock, valued at $322,510.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael J. Yates sold 11,397 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $144.72, for a total transaction of $1,649,373.84. Following the completion of the sale, the vice president now directly owns 26,590 shares in the company, valued at approximately $3,848,104.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
A number of research firms recently commented on IEX. Zacks Investment Research downgraded shares of IDEX from a “buy” rating to a “hold” rating in a report on Thursday, November 22nd. Royal Bank of Canada raised shares of IDEX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $141.00 to $146.00 in a report on Thursday, January 3rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of IDEX in a report on Wednesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. IDEX has an average rating of “Hold” and an average target price of $145.70.
IEX stock traded down $0.96 during trading on Wednesday, reaching $148.23. 1,187 shares of the company were exchanged, compared to its average volume of 303,828. The company has a market cap of $11.37 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.55 and a beta of 1.28. IDEX Co. has a 52-week low of $117.72 and a 52-week high of $157.84. The company has a current ratio of 3.00, a quick ratio of 2.23 and a debt-to-equity ratio of 0.43.
IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The firm had revenue of $614.09 million for the quarter, compared to the consensus estimate of $617.72 million. IDEX had a net margin of 16.53% and a return on equity of 20.82%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. On average, equities research analysts expect that IDEX Co. will post 5.73 earnings per share for the current year.
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IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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