IDEX Co. (NYSE:IEX) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in IDEX Co. (NYSE:IEXFree Report) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,149 shares of the industrial products company’s stock after selling 1,380 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in IDEX were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Czech National Bank lifted its stake in shares of IDEX by 0.5% in the 1st quarter. Czech National Bank now owns 13,306 shares of the industrial products company’s stock valued at $3,247,000 after purchasing an additional 61 shares during the period. DB Fitzpatrick & Co Inc boosted its stake in shares of IDEX by 2.4% during the 4th quarter. DB Fitzpatrick & Co Inc now owns 2,833 shares of the industrial products company’s stock worth $615,000 after acquiring an additional 67 shares in the last quarter. Desjardins Global Asset Management Inc. grew its position in shares of IDEX by 25.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 388 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 79 shares during the period. Wahed Invest LLC increased its stake in shares of IDEX by 8.0% in the 4th quarter. Wahed Invest LLC now owns 1,289 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 96 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in IDEX by 2.1% in the 4th quarter. Diversified Trust Co now owns 5,542 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 1.6 %

IEX opened at $198.45 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.45. The company’s 50 day simple moving average is $208.58 and its two-hundred day simple moving average is $220.27. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.96 and a beta of 0.95. IDEX Co. has a 1-year low of $183.76 and a 1-year high of $246.36.

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, topping analysts’ consensus estimates of $1.76 by $0.12. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The firm had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.52 million. During the same quarter last year, the business posted $2.09 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that IDEX Co. will post 8.31 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, July 12th. IDEX’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report 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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