Diversified Trust Co Acquires 59 Shares of IDEX Co. (NYSE:IEX)

Diversified Trust Co grew its holdings in shares of IDEX Co. (NYSE:IEX) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in IDEX by 2.8% during the second quarter. Victory Capital Management Inc. now owns 58,197 shares of the industrial products company’s stock valued at $11,709,000 after purchasing an additional 1,576 shares during the period. Acadian Asset Management LLC raised its holdings in IDEX by 345.0% during the 2nd quarter. Acadian Asset Management LLC now owns 2,345 shares of the industrial products company’s stock valued at $471,000 after buying an additional 1,818 shares during the period. Choreo LLC raised its holdings in IDEX by 20.5% during the 2nd quarter. Choreo LLC now owns 3,318 shares of the industrial products company’s stock valued at $649,000 after buying an additional 564 shares during the period. Coldstream Capital Management Inc. lifted its position in IDEX by 2.9% in the second quarter. Coldstream Capital Management Inc. now owns 11,512 shares of the industrial products company’s stock worth $2,316,000 after buying an additional 321 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in IDEX during the second quarter worth $222,000. Institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

IEX has been the subject of several analyst reports. Royal Bank of Canada raised their target price on shares of IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Citigroup boosted 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 reduced their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus raised their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average price target of $243.14.

IDEX Stock Up 0.4 %

Shares of NYSE:IEX opened at $208.73 on Thursday. The business’s 50 day moving average is $221.90 and its 200 day moving average is $209.81. The stock has a market cap of $15.81 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.

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

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 1.32%. 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.