Crossmark Global Holdings Inc. Buys 245 Shares of IDEX Co. (NYSE:IEX)

Crossmark Global Holdings Inc. grew its stake in IDEX Co. (NYSE:IEXFree Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,814 shares of the industrial products company’s stock after purchasing an additional 245 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in IDEX were worth $1,479,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of IDEX by 119.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,176 shares of the industrial products company’s stock valued at $2,426,000 after purchasing an additional 6,074 shares during the period. First Trust Advisors LP raised its position in shares of IDEX by 16.6% in the fourth quarter. First Trust Advisors LP now owns 410,404 shares of the industrial products company’s stock valued at $89,103,000 after purchasing an additional 58,571 shares during the period. Goldman Sachs Group Inc. raised its position in shares of IDEX by 19.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 492,810 shares of the industrial products company’s stock valued at $106,994,000 after purchasing an additional 81,780 shares during the period. Maren Capital LLC bought a new position in shares of IDEX in the fourth quarter valued at about $49,789,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of IDEX by 1.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188,432 shares of the industrial products company’s stock valued at $40,911,000 after purchasing an additional 2,371 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Trading Down 0.8 %

Shares of IDEX stock opened at $201.79 on Friday. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.02 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 Co. has a 12-month low of $183.76 and a 12-month high of $246.36. The firm’s 50-day moving average price is $223.02 and its two-hundred day moving average price is $221.05.

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

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid 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 1.37%. The ex-dividend date was Thursday, May 16th. IDEX’s dividend payout ratio (DPR) is presently 36.32%.

Analyst Ratings Changes

IEX has been the topic of several research reports. Citigroup upped their price target on shares of IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Robert W. Baird decreased their price target on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Oppenheimer upped their price target on shares of IDEX from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and issued a $255.00 price target on shares of IDEX in a research note on Thursday, March 21st. Finally, StockNews.com upgraded shares of IDEX from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.71.

View Our Latest Analysis on IDEX

IDEX Company 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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