IDEX Corporation $IEX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of IDEX Corporation (NYSE:IEX) by 92.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,165 shares of the industrial products company’s stock after selling 14,471 shares during the period. SG Americas Securities LLC’s holdings in IDEX were worth $190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HB Wealth Management LLC increased its stake in IDEX by 27.8% in the 3rd quarter. HB Wealth Management LLC now owns 1,499 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 326 shares in the last quarter. CX Institutional boosted its position in IDEX by 32.9% during the 3rd quarter. CX Institutional now owns 594 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 147 shares during the period. Harvey Investment Co. LLC grew its stake in IDEX by 24.6% during the 3rd quarter. Harvey Investment Co. LLC now owns 109,344 shares of the industrial products company’s stock valued at $17,797,000 after acquiring an additional 21,608 shares in the last quarter. Hikari Power Ltd increased its holdings in shares of IDEX by 27.0% in the 3rd quarter. Hikari Power Ltd now owns 4,370 shares of the industrial products company’s stock valued at $711,000 after purchasing an additional 930 shares during the period. Finally, Tectonic Advisors LLC purchased a new stake in shares of IDEX in the third quarter worth approximately $322,000. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. TD Cowen reissued a “buy” rating on shares of IDEX in a research note on Wednesday, December 3rd. Citigroup upped their price target on shares of IDEX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $211.00 price objective on shares of IDEX in a research report on Thursday, January 15th. Finally, Oppenheimer set a $210.00 target price on IDEX in a research report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $203.29.

IDEX Price Performance

Shares of NYSE:IEX opened at $199.57 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.93 and a quick ratio of 2.06. The stock has a market capitalization of $14.94 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.97 and a beta of 1.00. The business has a 50-day moving average of $182.56 and a two-hundred day moving average of $172.26. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $226.04.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.10. The business had revenue of $878.70 million for the quarter, compared to the consensus estimate of $861.44 million. IDEX had a return on equity of 15.20% and a net margin of 13.97%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $1.90 EPS. On average, equities research analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, January 16th. IDEX’s payout ratio is presently 44.94%.

IDEX Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.