California State Teachers Retirement System increased its stake in shares of IDEX Co. (NYSE:IEX) by 0.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,352 shares of the industrial products company’s stock after buying an additional 290 shares during the quarter. California State Teachers Retirement System’s holdings in IDEX were worth $18,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of IDEX by 0.7% during the fourth quarter. BlackRock Inc. now owns 7,982,637 shares of the industrial products company’s stock worth $1,007,886,000 after buying an additional 53,470 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of IDEX by 1.4% during the third quarter. Vanguard Group Inc now owns 6,997,198 shares of the industrial products company’s stock worth $1,054,197,000 after buying an additional 95,176 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of IDEX by 10,176.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,856,591 shares of the industrial products company’s stock worth $38,000 after buying an additional 4,809,330 shares during the last quarter. FMR LLC grew its holdings in shares of IDEX by 55.9% during the fourth quarter. FMR LLC now owns 1,733,558 shares of the industrial products company’s stock worth $218,879,000 after buying an additional 621,397 shares during the last quarter. Finally, Impax Asset Management Group plc grew its holdings in shares of IDEX by 15.5% during the fourth quarter. Impax Asset Management Group plc now owns 1,240,378 shares of the industrial products company’s stock worth $156,610,000 after buying an additional 166,540 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Daniel J. Salliotte sold 7,125 shares of IDEX stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $153.06, for a total transaction of $1,090,552.50. Following the completion of the sale, the senior vice president now directly owns 44,545 shares in the company, valued at approximately $6,818,057.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michael J. Yates sold 15,178 shares of IDEX stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $156.97, for a total transaction of $2,382,490.66. Following the sale, the vice president now owns 38,590 shares of the company’s stock, valued at $6,057,472.30. The disclosure for this sale can be found here. Insiders sold a total of 103,423 shares of company stock worth $16,055,566 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Shares of IEX opened at $152.71 on Friday. IDEX Co. has a twelve month low of $117.72 and a twelve month high of $159.51. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.62 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.45 and a current ratio of 3.33.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.07. IDEX had a return on equity of 21.22% and a net margin of 16.92%. The company had revenue of $622.20 million for the quarter, compared to analyst estimates of $634.38 million. During the same quarter in the previous year, the company earned $1.27 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that IDEX Co. will post 5.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from IDEX’s previous quarterly dividend of $0.43. IDEX’s payout ratio is currently 36.97%.

A number of equities analysts recently issued reports on IEX shares. DA Davidson reissued a “neutral” rating on shares of IDEX in a report on Friday, April 26th. Zacks Investment Research lowered IDEX from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Oppenheimer reaffirmed a “hold” rating on shares of IDEX in a report on Wednesday, May 8th. Janney Montgomery Scott lowered IDEX from a “buy” rating to a “neutral” rating in a report on Friday, March 29th. Finally, Stifel Nicolaus lifted their price objective on IDEX from $129.00 to $153.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $151.80.

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IDEX Company Profile

IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, 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: Stock Split

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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