Chicago Equity Partners LLC lowered its holdings in shares of IDEX Co. (NYSE:IEX) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,675 shares of the industrial products company’s stock after selling 95 shares during the period. Chicago Equity Partners LLC’s holdings in IDEX were worth $1,665,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of IDEX by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 799,850 shares of the industrial products company’s stock valued at $100,922,000 after acquiring an additional 21,550 shares during the last quarter. Virtu Financial LLC acquired a new position in IDEX during the first quarter valued at approximately $330,000. Meeder Asset Management Inc. raised its position in IDEX by 16.8% during the first quarter. Meeder Asset Management Inc. now owns 493 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 71 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of IDEX by 11.5% during the first quarter. IFM Investors Pty Ltd now owns 4,192 shares of the industrial products company’s stock worth $636,000 after buying an additional 431 shares in the last quarter. Finally, Brinker Capital Inc. acquired a new position in shares of IDEX during the first quarter worth $468,000. Institutional investors and hedge funds own 95.66% of the company’s stock.
IEX has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of IDEX from a “buy” rating to a “hold” rating and set a $181.00 price target on the stock. in a research report on Monday, July 1st. Stifel Nicolaus increased their price objective on shares of IDEX from $157.00 to $162.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Co upped their target price on shares of IDEX from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. IDEX currently has an average rating of “Hold” and an average target price of $162.38.
NYSE IEX opened at $170.88 on Friday. The company has a fifty day moving average of $164.41 and a 200-day moving average of $158.57. The company has a market capitalization of $12.61 billion, a P/E ratio of 31.59, a P/E/G ratio of 3.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 3.36. IDEX Co. has a 52-week low of $117.72 and a 52-week high of $173.84.
IDEX (NYSE:IEX) last announced its earnings results on Thursday, July 25th. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $642.10 million for the quarter, compared to analyst estimates of $655.87 million. IDEX had a net margin of 17.11% and a return on equity of 21.20%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. As a group, analysts forecast that IDEX Co. will post 5.83 EPS for the current fiscal year.
In related news, SVP Jeffrey D. Bucklew sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $168.00, for a total value of $672,000.00. Following the transaction, the senior vice president now owns 5,128 shares of the company’s stock, valued at approximately $861,504. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Eric D. Ashleman sold 2,922 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.75, for a total transaction of $484,321.50. Following the transaction, the chief operating officer now directly owns 22,453 shares in the company, valued at approximately $3,721,584.75. The disclosure for this sale can be found here. Insiders have sold 155,229 shares of company stock valued at $25,975,905 over the last three months. 1.20% of the stock is owned by corporate insiders.
IDEX Corporation, through its subsidiaries, operates as an applied solutions company worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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