IDEX Co. (NYSE:IEX) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC decreased its holdings in IDEX Co. (NYSE:IEX) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,272 shares of the industrial products company’s stock after selling 191 shares during the quarter. Avior Wealth Management LLC’s holdings in IDEX were worth $476,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC raised its holdings in IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 59 shares during the period. Assetmark Inc. acquired a new position in IDEX in the 3rd quarter worth about $39,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 100 shares during the period. Brooklyn Investment Group acquired a new position in shares of IDEX during the third quarter valued at approximately $86,000. Finally, Fred Alger Management LLC acquired a new position in shares of IDEX during the third quarter valued at approximately $89,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IEX. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their target price on IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $242.86.

IDEX Price Performance

IEX stock opened at $220.22 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. The business has a 50 day simple moving average of $219.36 and a 200-day simple moving average of $211.38. The firm has a market capitalization of $16.68 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The company had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.12 earnings per share. Equities research analysts anticipate that IDEX Co. will post 7.89 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.25%. IDEX’s payout ratio is 42.72%.

About IDEX

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.