Orion Portfolio Solutions LLC Has $2.03 Million Holdings in IDEX Co. (NYSE:IEX)

Orion Portfolio Solutions LLC lessened its position in IDEX Co. (NYSE:IEXFree Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,620 shares of the industrial products company’s stock after selling 3,630 shares during the period. Orion Portfolio Solutions LLC’s holdings in IDEX were worth $2,028,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IEX. Planned Solutions Inc. bought a new stake in shares of IDEX in the fourth quarter valued at $33,000. EdgeRock Capital LLC bought a new position in IDEX during the 4th quarter worth approximately $48,000. VisionPoint Advisory Group LLC bought a new stake in shares of IDEX in the 4th quarter worth approximately $50,000. Headlands Technologies LLC bought a new stake in shares of IDEX in the 4th quarter worth approximately $52,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of IDEX in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IDEX stock opened at $205.13 on Friday. The stock’s 50-day simple moving average is $227.57 and its 200-day simple moving average is $220.68. IDEX Co. has a 52 week low of $183.76 and a 52 week high of $246.36. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.08 and a beta of 0.99. The company has a quick ratio of 2.45, a current ratio of 3.37 and a debt-to-equity ratio of 0.37.

IDEX (NYSE:IEXGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. The business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.52 million. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 earnings per share. As a group, analysts expect that IDEX Co. will post 8.31 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.69 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, May 16th. IDEX’s payout ratio is currently 36.32%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer lifted their target price on IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Citigroup lifted their price objective on IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com raised IDEX from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Robert W. Baird cut their price objective on IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Stifel Nicolaus raised IDEX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $215.00 to $265.00 in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $250.71.

Check Out Our Latest Analysis on IEX

IDEX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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