IDEX Co. (NYSE:IEX) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its position in shares of IDEX Co. (NYSE:IEX) by 9.2% in the third quarter, HoldingsChannel reports. The firm owned 1,684 shares of the industrial products company’s stock after acquiring an additional 142 shares during the period. OneDigital Investment Advisors LLC’s holdings in IDEX were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in IDEX by 31.0% in the second quarter. UMB Bank n.a. now owns 241 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 57 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of IDEX by 19.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 57 shares during the period. Whittier Trust Co. increased its stake in shares of IDEX by 38.4% during the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 58 shares during the period. Catalyst Capital Advisors LLC lifted its position in IDEX by 73.8% in the third 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. Finally, Oregon Public Employees Retirement Fund boosted its stake in IDEX by 1.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 6,476 shares of the industrial products company’s stock valued at $1,303,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IEX. Argus lowered IDEX from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen cut their target price on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, DA Davidson decreased their price target on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Stock Performance

Shares of IEX opened at $227.50 on Friday. The company has a 50-day moving average of $214.43 and a two-hundred day moving average of $207.89. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 2.36 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 Co. has a one year low of $189.51 and a one year high of $246.36.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $793.05 million. During the same quarter last year, the business posted $2.12 EPS. The company’s revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that IDEX Co. will post 7.88 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.69 per share. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.21%. IDEX’s payout ratio is presently 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.