Edgestream Partners L.P. Grows Stock Position in IDEX Co. (NYSE:IEX)

Edgestream Partners L.P. increased its holdings in IDEX Co. (NYSE:IEX) by 318.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,097 shares of the industrial products company’s stock after purchasing an additional 9,965 shares during the quarter. Edgestream Partners L.P.’s holdings in IDEX were worth $2,882,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IEX. Trustcore Financial Services LLC lifted its holdings in IDEX by 169.8% in the 2nd quarter. Trustcore Financial Services LLC now owns 143 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 90 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in shares of IDEX by 30.8% during the 1st quarter. CSat Investment Advisory L.P. now owns 272 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 64 shares during the last quarter. Allred Capital Management LLC acquired a new position in shares of IDEX during the 1st quarter valued at about $65,000. Eagle Bay Advisors LLC acquired a new position in shares of IDEX during the 2nd quarter valued at about $67,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in IDEX by 27.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 521 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

IEX opened at $215.92 on Wednesday. The firm has a 50 day moving average price of $223.83 and a 200 day moving average price of $218.65. The company has a market cap of $16.41 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. IDEX Co. has a 1 year low of $166.51 and a 1 year high of $235.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.52 and a current ratio of 3.32.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Monday, July 26th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). IDEX had a net margin of 16.57% and a return on equity of 17.58%. The firm had revenue of $685.95 million during the quarter, compared to analyst estimates of $687.34 million. During the same period last year, the business earned $1.10 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. On average, sell-side analysts predict that IDEX Co. will post 6.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 15th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, October 14th. IDEX’s dividend payout ratio (DPR) is 41.62%.

IDEX Company Profile

IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment involves in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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