IDEX Co. (NYSE:IEX) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its position in IDEX Co. (NYSE:IEX) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,683 shares of the industrial products company’s stock after selling 196 shares during the quarter. Daiwa Securities Group Inc.’s holdings in IDEX were worth $2,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IEX. International Assets Investment Management LLC acquired a new position in shares of IDEX in the fourth quarter valued at approximately $518,000. Private Advisor Group LLC boosted its position in IDEX by 6.4% in the 4th quarter. Private Advisor Group LLC now owns 2,418 shares of the industrial products company’s stock valued at $525,000 after buying an additional 146 shares during the period. Principal Securities Inc. acquired a new position in shares of IDEX in the fourth quarter worth $61,000. Dimensional Fund Advisors LP raised its stake in shares of IDEX by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 369,268 shares of the industrial products company’s stock valued at $80,172,000 after acquiring an additional 20,785 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in IDEX by 22.9% in the fourth quarter. Ieq Capital LLC now owns 1,426 shares of the industrial products company’s stock valued at $310,000 after purchasing an additional 266 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on IEX shares. Oppenheimer cut their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. TD Cowen cut their target price on shares of IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. DA Davidson decreased their price target on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Royal Bank of Canada dropped their price objective on shares of IDEX from $250.00 to $236.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird decreased their price objective on shares of IDEX from $256.00 to $241.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $233.50.

IDEX Stock Up 0.8 %

Shares of NYSE:IEX opened at $199.78 on Friday. The company has a current ratio of 3.41, a quick ratio of 2.52 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $200.32 and a 200-day simple moving average of $214.86. The company has a market capitalization of $15.12 billion, a PE ratio of 26.29, a P/E/G ratio of 2.09 and a beta of 0.95. IDEX Co. has a twelve month low of $183.76 and a twelve month high of $246.36.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $807.20 million during the quarter, compared to analysts’ expectations of $828.15 million. IDEX had a net margin of 18.19% and a return on equity of 16.87%. IDEX’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 earnings per share. On average, equities analysts predict that IDEX Co. will post 7.88 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, July 12th. IDEX’s dividend payout ratio (DPR) is 36.32%.

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.