IDEX Corporation (IEX) Shares Bought by Bank of Montreal Can
Bank of Montreal Can increased its position in IDEX Corporation (NYSE:IEX) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 15,637 shares of the company’s stock after buying an additional 372 shares during the period. Bank of Montreal Can’s holdings in IDEX Corporation were worth $1,463,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of IEX. Creative Planning boosted its position in IDEX Corporation by 60.9% in the third quarter. Creative Planning now owns 1,326 shares of the company’s stock worth $124,000 after buying an additional 502 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in IDEX Corporation during the second quarter worth $169,000. GSA Capital Partners LLP purchased a new position in IDEX Corporation during the second quarter worth $205,000. Dynamic Technology Lab Private Ltd purchased a new position in IDEX Corporation during the second quarter worth $220,000. Finally, Cantab Capital Partners LLP boosted its position in IDEX Corporation by 81.4% in the second quarter. Cantab Capital Partners LLP now owns 2,756 shares of the company’s stock worth $226,000 after buying an additional 1,237 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.
Shares of IDEX Corporation (NYSE:IEX) traded up 1.27% during trading on Friday, reaching $91.72. 183,472 shares of the company traded hands. IDEX Corporation has a 52 week low of $67.20 and a 52 week high of $95.76. The stock has a market capitalization of $6.99 billion, a PE ratio of 25.14 and a beta of 1.18. The firm has a 50 day moving average of $92.23 and a 200 day moving average of $90.12.
IDEX Corporation (NYSE:IEX) last announced its earnings results on Monday, October 17th. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. IDEX Corporation had a net margin of 13.52% and a return on equity of 19.15%. The business had revenue of $530.40 million for the quarter, compared to analyst estimates of $536.29 million. During the same quarter last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts predict that IDEX Corporation will post $3.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Monday, January 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.36 annualized dividend and a dividend yield of 1.48%. IDEX Corporation’s dividend payout ratio (DPR) is 37.06%.
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Several brokerages have commented on IEX. RBC Capital Markets set a $101.00 price target on shares of IDEX Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Stifel Nicolaus boosted their price target on shares of IDEX Corporation from $88.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, October 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of IDEX Corporation in a research note on Thursday, December 15th. Royal Bank Of Canada cut shares of IDEX Corporation from an “outperform” rating to a “sector perform” rating and set a $101.00 price target on the stock. in a research note on Wednesday, December 7th. Finally, Zacks Investment Research cut shares of IDEX Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $90.88.
In other news, SVP Jeffrey D. Bucklew sold 3,250 shares of IDEX Corporation stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $93.00, for a total value of $302,250.00. Following the sale, the senior vice president now owns 5,510 shares in the company, valued at $512,430. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Eric D. Ashleman sold 6,000 shares of IDEX Corporation stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $92.83, for a total transaction of $556,980.00. Following the completion of the sale, the chief operating officer now owns 19,941 shares in the company, valued at approximately $1,851,123.03. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
IDEX Corporation Company Profile
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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