IDEX Co. (NYSE:IEX) Stock Holdings Boosted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its position in shares of IDEX Co. (NYSE:IEXGet Rating) by 19.6% in the 3rd quarter, Holdings Channel reports. The fund owned 4,390 shares of the industrial products company’s stock after buying an additional 718 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in IDEX were worth $877,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of IDEX by 0.6% during the first quarter. Vanguard Group Inc. now owns 8,802,857 shares of the industrial products company’s stock worth $1,687,772,000 after acquiring an additional 53,138 shares during the last quarter. Wellington Management Group LLP grew its position in IDEX by 3.9% in the 1st quarter. Wellington Management Group LLP now owns 3,106,765 shares of the industrial products company’s stock valued at $595,660,000 after buying an additional 117,605 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in IDEX by 12.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,374,792 shares of the industrial products company’s stock valued at $249,705,000 after buying an additional 152,391 shares in the last quarter. Champlain Investment Partners LLC grew its position in IDEX by 15.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,294,990 shares of the industrial products company’s stock valued at $235,209,000 after buying an additional 172,140 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in IDEX by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,286,020 shares of the industrial products company’s stock valued at $230,493,000 after buying an additional 29,048 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Insider Transactions at IDEX

In other news, CFO William K. Grogan sold 843 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $50.45, for a total value of $42,529.35. Following the completion of the sale, the chief financial officer now directly owns 127,689 shares of the company’s stock, valued at $6,441,910.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Livingston Satterthwaite sold 3,075 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $222.69, for a total value of $684,771.75. Following the transaction, the director now owns 13,232 shares in the company, valued at $2,946,634.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William K. Grogan sold 843 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $50.45, for a total value of $42,529.35. Following the completion of the transaction, the chief financial officer now owns 127,689 shares in the company, valued at approximately $6,441,910.05. The disclosure for this sale can be found here. Insiders sold 19,766 shares of company stock valued at $2,097,044 over the last three months. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cowen increased their target price on shares of IDEX to $240.00 in a research report on Tuesday, November 1st. Morgan Stanley increased their target price on shares of IDEX from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Citigroup upped their price target on shares of IDEX from $228.00 to $273.00 and gave the company a “buy” rating in a report on Friday, December 9th. Stifel Nicolaus upped their price target on shares of IDEX from $241.00 to $242.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com began coverage on shares of IDEX in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $234.00.

IDEX Price Performance

IEX stock opened at $231.20 on Monday. The company has a current ratio of 3.23, a quick ratio of 2.33 and a debt-to-equity ratio of 0.42. IDEX Co. has a one year low of $172.18 and a one year high of $246.23. The firm has a market capitalization of $17.44 billion, a PE ratio of 30.62, a P/E/G ratio of 2.23 and a beta of 1.00. The firm has a 50-day moving average of $233.03 and a two-hundred day moving average of $215.63.

IDEX (NYSE:IEXGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.13. IDEX had a net margin of 18.66% and a return on equity of 20.68%. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $779.81 million. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts forecast that IDEX Co. will post 8.09 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, January 12th. IDEX’s dividend payout ratio (DPR) is 31.79%.

IDEX Profile

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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, small volume provers, 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.

Further Reading

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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