Crossmark Global Holdings Inc. Invests $944,000 in IDEX Corporation (IEX)
Crossmark Global Holdings Inc. purchased a new stake in shares of IDEX Corporation (NYSE:IEX) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,769 shares of the industrial products company’s stock, valued at approximately $944,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in shares of IDEX Corporation during the 2nd quarter valued at $106,000. Strs Ohio purchased a new position in shares of IDEX Corporation during the 2nd quarter valued at $112,000. Acrospire Investment Management LLC grew its position in shares of IDEX Corporation by 1,000.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,100 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 1,000 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of IDEX Corporation during the 2nd quarter valued at $134,000. Finally, IHT Wealth Management LLC grew its position in shares of IDEX Corporation by 258.5% during the 2nd quarter. IHT Wealth Management LLC now owns 527 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.
A number of research analysts have recently commented on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $118.00 price target on shares of IDEX Corporation in a research report on Tuesday, October 17th. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating on shares of IDEX Corporation in a research report on Friday, October 20th. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX Corporation in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada upped their target price on shares of IDEX Corporation from $124.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $113.78.
Shares of IDEX Corporation (NYSE IEX) opened at $128.02 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.04 and a current ratio of 2.84. IDEX Corporation has a 1 year low of $88.29 and a 1 year high of $129.40. The stock has a market cap of $9,780.98, a PE ratio of 30.85, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22.
IDEX Corporation (NYSE:IEX) last posted its quarterly earnings results on Monday, October 16th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. IDEX Corporation had a net margin of 13.48% and a return on equity of 19.07%. The business had revenue of $574.50 million during the quarter, compared to analyst estimates of $563.23 million. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. equities research analysts anticipate that IDEX Corporation will post 4.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, October 13th. IDEX Corporation’s dividend payout ratio (DPR) is 37.95%.
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In other IDEX Corporation news, SVP Daniel J. Salliotte sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total transaction of $692,040.00. Following the completion of the transaction, the senior vice president now owns 33,762 shares of the company’s stock, valued at $3,894,109.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $116.79, for a total transaction of $467,160.00. Following the transaction, the senior vice president now directly owns 6,726 shares of the company’s stock, valued at approximately $785,529.54. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
IDEX Corporation 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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