Yousif Capital Management LLC Has $2.11 Million Position in IDEX Co. (NYSE:IEX)

Yousif Capital Management LLC trimmed its stake in shares of IDEX Co. (NYSE:IEX) by 30.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,088 shares of the industrial products company’s stock after selling 4,409 shares during the quarter. Yousif Capital Management LLC’s holdings in IDEX were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake in IDEX by 0.5% in the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock valued at $647,356,000 after buying an additional 15,077 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of IDEX by 108.4% during the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock worth $607,234,000 after acquiring an additional 1,472,456 shares during the period. Geode Capital Management LLC increased its stake in shares of IDEX by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock worth $404,339,000 after purchasing an additional 23,388 shares during the period. Champlain Investment Partners LLC lifted its holdings in IDEX by 28.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after purchasing an additional 273,460 shares during the last quarter. Finally, Barclays PLC boosted its stake in IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after purchasing an additional 14,360 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Performance

Shares of NYSE:IEX opened at $196.45 on Tuesday. The company’s 50 day simple moving average is $215.57 and its 200 day simple moving average is $211.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 2.11. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, research analysts predict that IDEX Co. will post 8.37 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, January 17th. IDEX’s dividend payout ratio (DPR) is presently 41.50%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IEX. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.00.

IDEX Profile

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.