Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of IDEX Corporation (NYSE:IEX) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,834 shares of the industrial products company’s stock after buying an additional 834 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in IDEX Corporation were worth $1,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IEX. BlackRock Inc. grew its holdings in shares of IDEX Corporation by 8.8% during the second quarter. BlackRock Inc. now owns 6,993,420 shares of the industrial products company’s stock worth $790,326,000 after buying an additional 568,369 shares in the last quarter. State Street Corp grew its holdings in shares of IDEX Corporation by 20.6% during the second quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock worth $270,781,000 after buying an additional 409,654 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of IDEX Corporation by 59.5% during the second quarter. Principal Financial Group Inc. now owns 904,398 shares of the industrial products company’s stock worth $102,206,000 after buying an additional 337,382 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of IDEX Corporation by 468.9% during the second quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock worth $41,605,000 after buying an additional 303,440 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of IDEX Corporation during the second quarter worth about $24,072,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Shares of IDEX Corporation (IEX) opened at $127.96 on Tuesday. IDEX Corporation has a twelve month low of $88.29 and a twelve month high of $129.40. The stock has a market cap of $9,780.96, a P/E ratio of 30.85, a P/E/G ratio of 2.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 2.04.

IDEX Corporation (NYSE:IEX) last released its quarterly earnings data on Monday, October 16th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $574.50 million during the quarter, compared to the consensus estimate of $563.23 million. During the same period in the previous year, the firm earned $0.92 earnings per share. IDEX Corporation’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts anticipate that IDEX Corporation will post 4.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, October 13th. This represents a $1.48 annualized dividend and a yield of 1.16%. IDEX Corporation’s dividend payout ratio is currently 37.95%.

A number of brokerages have recently commented on IEX. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of IDEX Corporation in a report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and set a $91.00 price target on shares of IDEX Corporation in a report on Friday, August 4th. BidaskClub downgraded shares of IDEX Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of IDEX Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 target price (up from $109.00) on shares of IDEX Corporation in a report on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $113.78.

In other IDEX Corporation news, SVP Daniel J. Salliotte sold 6,000 shares of the business’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 sale, the senior vice president now directly owns 33,762 shares in the company, valued at $3,894,109.08. The transaction 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 that occurred on Thursday, August 31st. The stock was sold at an average price of $116.79, for a total transaction of $467,160.00. Following the sale, the senior vice president now owns 6,726 shares of the company’s stock, valued at $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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IDEX Corporation Company 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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Institutional Ownership by Quarter for IDEX Corporation (NYSE:IEX)

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