1,418 Shares in IDEX Co. (NYSE:IEX) Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in IDEX Co. (NYSE:IEX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,418 shares of the industrial products company’s stock, valued at approximately $297,000.

Several other large investors have also recently added to or reduced their stakes in IEX. Studio Investment Management LLC grew its stake in shares of IDEX by 4.9% in the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 45 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in IDEX by 19.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 57 shares during the period. Catalyst Capital Advisors LLC grew its position in shares of IDEX by 73.8% during the 3rd 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 in the last quarter. Diversified Trust Co increased its holdings in shares of IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after purchasing an additional 59 shares during the period. Finally, Empirical Finance LLC raised its position in shares of IDEX by 2.5% in the third quarter. Empirical Finance LLC now owns 2,486 shares of the industrial products company’s stock valued at $533,000 after buying an additional 61 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

IDEX stock opened at $215.67 on Friday. The stock has a market cap of $16.33 billion, a PE ratio of 33.39, a P/E/G ratio of 2.03 and a beta of 0.97. 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 Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The business’s 50-day moving average price is $220.31 and its two-hundred day moving average price is $210.34.

IDEX (NYSE:IEX) last released its quarterly earnings data 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 net margin of 15.35% and a return on equity of 15.92%. The business had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. During the same period in the prior year, the company earned $2.12 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts expect that IDEX Co. will post 7.89 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.28%. IDEX’s dividend payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

IEX has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird reduced their price objective on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average price target of $242.86.

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.