IDEX Co. (NYSE:IEX) Position Raised by Quadrature Capital Ltd

Quadrature Capital Ltd increased its position in shares of IDEX Co. (NYSE:IEXFree Report) by 29.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,685 shares of the industrial products company’s stock after buying an additional 2,898 shares during the quarter. Quadrature Capital Ltd’s holdings in IDEX were worth $2,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in IDEX in the fourth quarter worth approximately $33,000. Quarry LP acquired a new position in IDEX in the fourth quarter worth approximately $36,000. EdgeRock Capital LLC acquired a new position in IDEX in the fourth quarter worth approximately $48,000. VisionPoint Advisory Group LLC acquired a new position in IDEX in the fourth quarter worth approximately $50,000. Finally, Headlands Technologies LLC acquired a new position in IDEX in the fourth quarter worth approximately $52,000. Institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 1.0 %

IDEX stock opened at $200.29 on Tuesday. The company’s fifty day simple moving average is $219.37 and its 200-day simple moving average is $221.54. The company has a quick ratio of 2.45, a current ratio of 3.37 and a debt-to-equity ratio of 0.37. IDEX Co. has a 12 month low of $183.76 and a 12 month high of $246.36. The stock has a market cap of $15.16 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.99 and a beta of 0.99.

IDEX (NYSE:IEXGet 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 for the quarter, compared to analysts’ expectations of $807.52 million. During the same period in the previous year, the company posted $2.09 EPS. IDEX’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that IDEX Co. will post 8.31 EPS for the current fiscal year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.69 per share. This is a boost from IDEX’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, May 16th. IDEX’s payout ratio is currently 36.32%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IEX. Royal Bank of Canada restated an “outperform” rating and issued a $255.00 price target on shares of IDEX in a research report on Thursday, March 21st. Robert W. Baird decreased their price target on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Citigroup lifted their price objective on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer lifted their price objective on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of IDEX from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.71.

Check Out Our Latest Report on IEX

About IDEX

(Free Report)

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.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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