IDEX Corporation (IEX) Stake Lowered by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL decreased its position in shares of IDEX Corporation (NYSE:IEX) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,642 shares of the industrial products company’s stock after selling 11,778 shares during the quarter. Gamco Investors INC. ET AL owned 0.75% of IDEX Corporation worth $69,316,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of IEX. OppenheimerFunds Inc. grew its holdings in shares of IDEX Corporation by 18.8% during the first quarter. OppenheimerFunds Inc. now owns 5,661 shares of the industrial products company’s stock valued at $529,000 after buying an additional 897 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of IDEX Corporation by 6.6% during the first quarter. Teachers Advisors LLC now owns 75,118 shares of the industrial products company’s stock valued at $7,024,000 after buying an additional 4,648 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of IDEX Corporation by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 377,304 shares of the industrial products company’s stock valued at $35,280,000 after buying an additional 5,634 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of IDEX Corporation by 91.3% during the first quarter. Renaissance Technologies LLC now owns 172,425 shares of the industrial products company’s stock valued at $16,123,000 after buying an additional 82,300 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of IDEX Corporation during the first quarter valued at approximately $352,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.
Shares of IDEX Corporation (NYSE:IEX) traded down $0.51 during mid-day trading on Tuesday, reaching $127.36. 11,531 shares of the company traded hands, compared to its average volume of 312,218. The stock has a market capitalization of $9,764.92, a PE ratio of 30.80, a P/E/G ratio of 2.31 and a beta of 1.22. The company has a quick ratio of 2.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. IDEX Corporation has a 52 week low of $84.64 and a 52 week high of $129.40.
IDEX Corporation (NYSE:IEX) last announced its quarterly earnings results on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ 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%. IDEX Corporation’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. analysts predict that IDEX Corporation will post 4.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, October 13th. IDEX Corporation’s dividend payout ratio is 37.95%.
In related news, SVP Daniel J. Salliotte sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $115.34, for a total value of $692,040.00. Following the sale, the senior vice president now owns 33,762 shares of the company’s stock, valued at approximately $3,894,109.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $116.79, for a total value of $467,160.00. Following the completion of the sale, the senior vice president now directly owns 6,726 shares in the company, valued at approximately $785,529.54. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
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A number of research firms have recently commented on IEX. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX Corporation in a report on Wednesday, October 18th. Robert W. Baird reiterated a “buy” rating on shares of IDEX Corporation in a report on Friday, October 20th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of IDEX Corporation in a report on Wednesday, October 18th. Royal Bank Of Canada increased their price target on shares of IDEX Corporation from $124.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $118.00 price target on shares of IDEX Corporation in a report on Tuesday, October 17th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $113.78.
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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