IDEX Co. (NYSE:IEX) Stock Holdings Decreased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its position in IDEX Co. (NYSE:IEX) by 11.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,907 shares of the industrial products company’s stock after selling 14,736 shares during the period. Northwest & Ethical Investments L.P. owned 0.14% of IDEX worth $23,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IEX. Boston Trust Walden Corp boosted its position in IDEX by 3.3% during the 2nd quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company’s stock valued at $45,047,000 after purchasing an additional 7,222 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of IDEX by 247.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock valued at $39,872,000 after acquiring an additional 141,064 shares during the period. Qsemble Capital Management LP bought a new position in shares of IDEX during the second quarter worth about $3,627,000. Marshall Wace LLP lifted its position in IDEX by 162.1% in the 2nd quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company’s stock valued at $20,433,000 after purchasing an additional 62,803 shares during the last quarter. Finally, Swedbank AB acquired a new position in IDEX during the 1st quarter valued at about $11,765,000. 97.96% of the stock is owned by institutional investors.

IDEX Stock Performance

Shares of NYSE:IEX traded down $0.92 during trading on Thursday, reaching $231.10. The stock had a trading volume of 728,299 shares, compared to its average volume of 483,857. The stock has a fifty day simple moving average of $216.30 and a two-hundred day simple moving average of $207.90. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 2.50 and a beta of 0.96.

IDEX (NYSE:IEX) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.12 EPS. As a group, analysts anticipate that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.19%. IDEX’s payout ratio is 42.72%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IEX. TD Cowen reduced their price target on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada upped their price objective on IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Oppenheimer lowered their target price on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus raised their price objective on shares of IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird decreased their price objective on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, IDEX currently has an average rating of “Moderate Buy” and an average price target of $241.14.

About IDEX

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.