New York State Common Retirement Fund Purchases 6,865 Shares of IDEX Corporation $IEX

New York State Common Retirement Fund lifted its position in shares of IDEX Corporation (NYSE:IEX) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,559 shares of the industrial products company’s stock after purchasing an additional 6,865 shares during the period. New York State Common Retirement Fund owned about 0.11% of IDEX worth $13,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after buying an additional 54 shares during the period. HB Wealth Management LLC bought a new position in shares of IDEX during the second quarter valued at $206,000. Robeco Institutional Asset Management B.V. raised its stake in shares of IDEX by 4.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 34,519 shares of the industrial products company’s stock valued at $6,061,000 after acquiring an additional 1,393 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of IDEX by 8.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,901 shares of the industrial products company’s stock worth $2,089,000 after purchasing an additional 971 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of IDEX by 13.6% in the second quarter. QRG Capital Management Inc. now owns 11,511 shares of the industrial products company’s stock worth $2,021,000 after purchasing an additional 1,380 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $211.00 target price on shares of IDEX in a research report on Thursday, January 15th. TD Cowen restated a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Citigroup lifted their price objective on IDEX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Stifel Nicolaus increased their target price on shares of IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of IDEX in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $203.29.

IDEX Stock Performance

Shares of IEX stock opened at $198.32 on Tuesday. The firm has a 50 day moving average of $183.68 and a 200-day moving average of $172.37. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.00. The company has a quick ratio of 2.06, a current ratio of 2.93 and a debt-to-equity ratio of 0.47. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $221.10.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $0.71 dividend. The ex-dividend date was Friday, January 16th. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. IDEX’s dividend payout ratio (DPR) is currently 44.94%.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.