IDEX Co. (NYSE:IEX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in shares of IDEX Co. (NYSE:IEX) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,014 shares of the industrial products company’s stock after selling 168 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in IDEX were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp grew its holdings in shares of IDEX by 3.3% in the 2nd quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company’s stock worth $45,047,000 after acquiring an additional 7,222 shares during the period. D. E. Shaw & Co. Inc. increased 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 buying an additional 141,064 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of IDEX during the 2nd quarter worth $3,627,000. SG Americas Securities LLC boosted its position in shares of IDEX by 241.3% in the 1st quarter. SG Americas Securities LLC now owns 37,561 shares of the industrial products company’s stock worth $9,166,000 after buying an additional 26,557 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in IDEX by 90.1% in the 1st quarter. BNP Paribas Financial Markets now owns 69,984 shares of the industrial products company’s stock valued at $17,077,000 after acquiring an additional 33,162 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of research reports. Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. StockNews.com lowered IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Robert W. Baird lowered their target price on IDEX from $256.00 to $241.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus cut their price target on IDEX from $265.00 to $236.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, DA Davidson decreased their price objective on IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Three 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, the company has an average rating of “Moderate Buy” and an average target price of $238.29.

IDEX Trading Up 0.1 %

Shares of IDEX stock opened at $211.10 on Friday. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36. The business’s fifty day moving average is $202.34 and its two-hundred day moving average is $211.90. The company has a quick ratio of 2.52, a current ratio of 3.41 and a debt-to-equity ratio of 0.36. The firm has a market cap of $15.98 billion, a PE ratio of 27.78, a P/E/G ratio of 2.22 and a beta of 0.95.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.02. The firm had revenue of $807.20 million for the quarter, compared to the consensus estimate of $828.15 million. IDEX had a return on equity of 16.87% and a net margin of 18.19%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 earnings per share. Analysts anticipate that IDEX Co. will post 7.88 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, October 11th. IDEX’s dividend payout ratio (DPR) is 36.32%.

IDEX Company 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.