IDEX Corporation (IEX) Shares Sold by Papp L Roy & Associates
Papp L Roy & Associates cut its position in shares of IDEX Corporation (NYSE:IEX) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,241 shares of the industrial products company’s stock after selling 909 shares during the period. Papp L Roy & Associates’ holdings in IDEX Corporation were worth $2,580,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in shares of IDEX Corporation by 468.9% during the 2nd quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock worth $41,605,000 after purchasing an additional 303,440 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of IDEX Corporation by 3.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the industrial products company’s stock worth $2,249,000 after purchasing an additional 600 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of IDEX Corporation during the 2nd quarter worth about $2,766,000. Nordea Investment Management AB purchased a new stake in shares of IDEX Corporation during the 2nd quarter worth about $377,000. Finally, Janus Henderson Group PLC raised its stake in shares of IDEX Corporation by 23.6% during the 2nd quarter. Janus Henderson Group PLC now owns 344,265 shares of the industrial products company’s stock worth $38,905,000 after purchasing an additional 65,665 shares in the last quarter. 97.92% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $129.00 price target on shares of IDEX Corporation in a research note on Wednesday, October 4th. Royal Bank Of Canada raised their price target on IDEX Corporation from $124.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised IDEX Corporation from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Monday, August 21st. BidaskClub downgraded IDEX Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of IDEX Corporation in a research note on Wednesday, September 6th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $113.78.
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Shares of IDEX Corporation (IEX) traded up $0.73 during midday trading on Monday, hitting $128.02. The stock had a trading volume of 174,100 shares, compared to its average volume of 312,211. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.04 and a current ratio of 2.84. The firm has a market cap of $9,780.96, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22. IDEX Corporation has a fifty-two week low of $88.29 and a fifty-two week high of $129.40.
IDEX Corporation (NYSE:IEX) last issued its quarterly earnings data on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. The business had revenue of $574.50 million for the quarter, compared to analyst estimates of $563.23 million. IDEX Corporation had a return on equity of 19.07% and a net margin of 13.48%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. analysts predict that IDEX Corporation will post 4.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, October 13th. IDEX Corporation’s dividend payout ratio (DPR) is currently 37.95%.
In other IDEX Corporation news, SVP Jeffrey D. Bucklew sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $116.79, for a total value of $467,160.00. Following the sale, the senior vice president now owns 6,726 shares of the company’s stock, valued at approximately $785,529.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $692,040.00. Following the completion of the sale, the senior vice president now directly owns 33,762 shares in the company, valued at approximately $3,894,109.08. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
About IDEX Corporation
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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