Pathstone Family Office LLC grew its stake in shares of IDEX Co. (NYSE:IEX – Get Rating) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,658 shares of the industrial products company’s stock after purchasing an additional 299 shares during the quarter. Pathstone Family Office LLC’s holdings in IDEX were worth $730,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of IDEX by 0.6% during the first quarter. Vanguard Group Inc. now owns 8,802,857 shares of the industrial products company’s stock worth $1,687,772,000 after purchasing an additional 53,138 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of IDEX by 3.9% in the first quarter. Wellington Management Group LLP now owns 3,106,765 shares of the industrial products company’s stock worth $595,660,000 after acquiring an additional 117,605 shares in the last quarter. Pictet Asset Management SA lifted its stake in shares of IDEX by 13.7% in the third quarter. Pictet Asset Management SA now owns 1,602,662 shares of the industrial products company’s stock worth $320,292,000 after acquiring an additional 192,917 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of IDEX by 12.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,374,792 shares of the industrial products company’s stock worth $249,705,000 after acquiring an additional 152,391 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in shares of IDEX by 15.3% in the second quarter. Champlain Investment Partners LLC now owns 1,294,990 shares of the industrial products company’s stock worth $235,209,000 after acquiring an additional 172,140 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
In other news, CFO William K. Grogan sold 3,181 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $226.36, for a total transaction of $720,051.16. Following the completion of the transaction, the chief financial officer now directly owns 13,864 shares of the company’s stock, valued at $3,138,255.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.
Analyst Upgrades and Downgrades
IDEX Stock Down 0.4 %
NYSE:IEX opened at $219.02 on Tuesday. The firm has a market capitalization of $16.54 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The stock has a 50 day moving average of $228.84 and a 200-day moving average of $221.96. IDEX Co. has a 52 week low of $172.18 and a 52 week high of $246.23. The company has a current ratio of 2.57, a quick ratio of 1.71 and a debt-to-equity ratio of 0.48.
IDEX (NYSE:IEX – Get Rating) last posted its earnings results on Wednesday, February 1st. The industrial products company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.98 by $0.03. The company had revenue of $810.70 million during the quarter, compared to analyst estimates of $772.75 million. IDEX had a return on equity of 21.44% and a net margin of 18.44%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 earnings per share. Analysts predict that IDEX Co. will post 8.61 EPS for the current year.
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 is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.
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