Stephens Inc. AR bought a new stake in IDEX Co. (NYSE:IEX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,769 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of IDEX by 8.8% in the second quarter. BlackRock Inc. now owns 6,993,420 shares of the industrial products company’s stock worth $790,326,000 after acquiring an additional 568,369 shares in the last quarter. State Street Corp grew its stake in shares of IDEX by 20.6% in the second quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock worth $270,781,000 after acquiring an additional 409,654 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of IDEX by 59.5% in the second quarter. Principal Financial Group Inc. now owns 904,398 shares of the industrial products company’s stock worth $102,206,000 after acquiring an additional 337,382 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of IDEX by 468.9% in the second quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock worth $41,605,000 after acquiring an additional 303,440 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of IDEX in the second quarter worth $24,072,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.

In related news, 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 of the company’s stock, valued at $785,529.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Daniel J. Salliotte sold 6,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $3,894,109.08. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several equities analysts have commented on IEX shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of IDEX in a research note on Wednesday, October 18th. SunTrust Banks, Inc. restated a “hold” rating and issued a $118.00 price target on shares of IDEX in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Seaport Global Securities restated a “neutral” rating on shares of IDEX in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of IDEX in a research note on Sunday, September 3rd. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $113.78.

IDEX Co. (IEX) opened at $130.69 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. The company has a market cap of $9,984.98, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.36 and a beta of 1.22. IDEX Co. has a 12 month low of $88.29 and a 12 month high of $130.98.

IDEX (NYSE:IEX) last issued its earnings results on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $574.50 million during the quarter, compared to the consensus estimate of $563.23 million. IDEX had a net margin of 13.48% and a return on equity of 19.07%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. analysts expect that IDEX Co. will post 4.26 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors 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 dividend on an annualized basis and a dividend yield of 1.13%. IDEX’s payout ratio is currently 37.95%.

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IDEX 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).

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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