Atria Investments Inc Has $1.40 Million Holdings in IDEX Co. (NYSE:IEX)

Atria Investments Inc cut its holdings in shares of IDEX Co. (NYSE:IEX) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,545 shares of the industrial products company’s stock after selling 2,376 shares during the period. Atria Investments Inc’s holdings in IDEX were worth $1,404,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its position in IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after buying an additional 1,021,439 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of IDEX by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock worth $1,943,609,000 after purchasing an additional 555,250 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of IDEX by 75.6% in the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock worth $104,179,000 after purchasing an additional 223,422 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of IDEX by 247.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock worth $39,872,000 after purchasing an additional 141,064 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of IDEX by 1,541.6% in the 2nd quarter. Millennium Management LLC now owns 138,744 shares of the industrial products company’s stock worth $27,915,000 after purchasing an additional 130,292 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IEX has been the topic of several recent research reports. Oppenheimer reduced their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Argus downgraded IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price objective on IDEX from $236.00 to $248.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson dropped their price objective on IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Finally, TD Cowen dropped their price objective on IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.14.

IDEX Stock Performance

IEX opened at $227.83 on Friday. The business’s 50-day moving average price is $212.21 and its two-hundred day moving average price is $207.77. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. Equities analysts expect that IDEX Co. will post 7.88 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, January 17th. IDEX’s payout ratio is 42.72%.

IDEX Company 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.