Diversified Trust Co Raises Stock Holdings in IDEX Co. (NYSE:IEX)

Diversified Trust Co raised its stake in IDEX Co. (NYSE:IEXFree Report) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,210 shares of the industrial products company’s stock after buying an additional 59 shares during the quarter. Diversified Trust Co’s holdings in IDEX were worth $1,300,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of IDEX by 2.8% in the 2nd quarter. Victory Capital Management Inc. now owns 58,197 shares of the industrial products company’s stock worth $11,709,000 after buying an additional 1,576 shares during the last quarter. Acadian Asset Management LLC grew its holdings in IDEX by 345.0% in the second quarter. Acadian Asset Management LLC now owns 2,345 shares of the industrial products company’s stock worth $471,000 after purchasing an additional 1,818 shares during the last quarter. Choreo LLC increased its position in shares of IDEX by 20.5% during the second quarter. Choreo LLC now owns 3,318 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 564 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of IDEX by 2.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 11,512 shares of the industrial products company’s stock valued at $2,316,000 after purchasing an additional 321 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of IDEX in the 2nd quarter worth $222,000. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IEX shares. Citigroup upped their target price on IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Robert W. Baird decreased their price objective on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada lifted their target price on shares of IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus upped their price target on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.14.

Check Out Our Latest Stock Report on IDEX

IDEX Stock Performance

IEX opened at $208.73 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The firm has a 50 day moving average of $221.90 and a two-hundred day moving average of $209.81. The firm has a market capitalization of $15.81 billion, a PE ratio of 32.31, a P/E/G ratio of 2.36 and a beta of 0.97.

IDEX (NYSE:IEXGet Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. During the same quarter last year, the company posted $2.12 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that IDEX Co. will post 7.89 EPS for the current year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, January 17th. IDEX’s dividend payout ratio (DPR) is 42.72%.

About IDEX

(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.

See Also

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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