Kentucky Retirement Systems Sells 308 Shares of IDEX Co. (NYSE:IEX)

Kentucky Retirement Systems cut its holdings in IDEX Co. (NYSE:IEX) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,743 shares of the industrial products company’s stock after selling 308 shares during the period. Kentucky Retirement Systems’ holdings in IDEX were worth $1,401,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UBS Group AG boosted its holdings in IDEX by 177.3% in the fourth quarter. UBS Group AG now owns 57,255 shares of the industrial products company’s stock worth $12,431,000 after purchasing an additional 36,606 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in IDEX by 4.0% during the fourth quarter. Impax Asset Management Group plc now owns 2,190,741 shares of the industrial products company’s stock valued at $475,632,000 after acquiring an additional 84,502 shares during the period. SG Americas Securities LLC boosted its holdings in IDEX by 241.3% during the first quarter. SG Americas Securities LLC now owns 37,561 shares of the industrial products company’s stock valued at $9,166,000 after acquiring an additional 26,557 shares during the period. Raymond James & Associates boosted its holdings in IDEX by 11.2% during the fourth quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company’s stock valued at $16,601,000 after acquiring an additional 7,684 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of IDEX by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 608,744 shares of the industrial products company’s stock valued at $132,164,000 after buying an additional 15,202 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

IDEX stock traded up $3.38 during trading hours on Friday, hitting $206.46. 278,603 shares of the stock were exchanged, compared to its average volume of 478,321. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.37. The stock has a market capitalization of $15.63 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.08 and a beta of 0.95. IDEX Co. has a 12 month low of $183.76 and a 12 month high of $246.36. The business’s 50-day moving average is $204.33 and its two-hundred day moving average is $219.61.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $2.76 annualized dividend and a yield of 1.34%. IDEX’s dividend payout ratio is 36.32%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of IDEX from $265.00 to $236.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. StockNews.com lowered shares of IDEX from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Citigroup increased their price target on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer increased their price target on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Robert W. Baird dropped their price target on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.57.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions 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, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.