989 Shares in IDEX Co. (NYSE:IEX) Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC bought a new position in IDEX Co. (NYSE:IEXFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 989 shares of the industrial products company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in IDEX in the 4th quarter worth approximately $33,000. EdgeRock Capital LLC acquired a new stake in IDEX in the 4th quarter worth approximately $48,000. VisionPoint Advisory Group LLC acquired a new stake in IDEX in the 4th quarter worth approximately $50,000. Headlands Technologies LLC acquired a new stake in IDEX in the 4th quarter worth approximately $52,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in IDEX in the 4th quarter worth approximately $54,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on IEX. Oppenheimer lifted their price target on IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Robert W. Baird lowered their price objective on IDEX from $260.00 to $256.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $255.00 price target on shares of IDEX in a research report on Thursday, March 21st. Citigroup upped their price target on IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, StockNews.com raised IDEX from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus price target of $250.71.

View Our Latest Report on IDEX

IDEX Trading Down 0.8 %

NYSE IEX opened at $201.69 on Friday. The stock has a 50-day simple moving average of $223.86 and a 200 day simple moving average of $221.01. The company has a market capitalization of $15.27 billion, a PE ratio of 26.54, a P/E/G ratio of 2.08 and a beta of 0.99. The company has a current ratio of 3.37, a quick ratio of 2.45 and a debt-to-equity ratio of 0.37. IDEX Co. has a 12 month low of $183.76 and a 12 month high of $246.36.

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

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.69 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, May 16th. IDEX’s dividend payout ratio is 36.32%.

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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