Signal Advisors Wealth LLC Has $381,000 Stock Position in IDEX Co. (NYSE:IEX)

Signal Advisors Wealth LLC boosted its position in IDEX Co. (NYSE:IEX) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,822 shares of the industrial products company’s stock after buying an additional 63 shares during the quarter. Signal Advisors Wealth LLC’s holdings in IDEX were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IEX. D. E. Shaw & Co. Inc. boosted its position in shares of IDEX by 247.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock valued at $39,872,000 after acquiring an additional 141,064 shares during the period. Marshall Wace LLP boosted its holdings in IDEX by 162.1% in the 2nd quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company’s stock valued at $20,433,000 after purchasing an additional 62,803 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in IDEX by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of IDEX by 48.3% during the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 6,720 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock valued at $53,720,000 after buying an additional 16,504 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup lowered their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday. Robert W. Baird cut their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price objective on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.86.

IDEX Stock Down 0.0 %

Shares of NYSE IEX opened at $214.44 on Thursday. The business has a fifty day moving average of $221.20 and a two-hundred day moving average of $210.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. The stock has a market cap of $16.24 billion, a PE ratio of 33.20, a PEG ratio of 2.36 and a beta of 0.97.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $793.05 million. During the same period in the previous year, the business earned $2.12 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts expect that IDEX Co. will post 7.89 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 1.29%. The ex-dividend date is Friday, January 17th. IDEX’s payout ratio is presently 42.72%.

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.