Signaturefd LLC Sells 191 Shares of IDEX Co. (NYSE:IEX)

Signaturefd LLC trimmed its holdings in IDEX Co. (NYSE:IEX) by 28.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 474 shares of the industrial products company’s stock after selling 191 shares during the quarter. Signaturefd LLC’s holdings in IDEX were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IEX. Price T Rowe Associates Inc. MD raised its holdings in IDEX by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock worth $1,943,609,000 after purchasing an additional 555,250 shares during the last quarter. Hsbc Holdings PLC raised its holdings in IDEX by 75.6% during the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock worth $104,179,000 after purchasing an additional 223,422 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in IDEX by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,672 shares of the industrial products company’s stock worth $94,698,000 after purchasing an additional 78,551 shares during the last quarter. CCLA Investment Management raised its holdings in IDEX by 1.8% during the 2nd quarter. CCLA Investment Management now owns 433,403 shares of the industrial products company’s stock worth $86,697,000 after purchasing an additional 7,615 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in IDEX by 25.8% during the 2nd quarter. Ceredex Value Advisors LLC now owns 416,375 shares of the industrial products company’s stock worth $83,775,000 after purchasing an additional 85,434 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

Shares of IEX opened at $204.84 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.52 and a current ratio of 3.41. The stock has a 50 day simple moving average of $206.07 and a 200 day simple moving average of $207.82. IDEX Co. has a 52-week low of $183.76 and a 52-week high of $246.36. The firm has a market capitalization of $15.51 billion, a PE ratio of 26.81, a P/E/G ratio of 2.20 and a beta of 0.95.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. IDEX had a return on equity of 16.87% and a net margin of 18.19%. The business had revenue of $807.20 million during the quarter, compared to analyst estimates of $828.15 million. During the same period in the previous year, the firm earned $2.18 EPS. IDEX’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that IDEX Co. will post 7.87 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, October 11th. IDEX’s dividend payout ratio (DPR) is currently 36.13%.

Wall Street Analyst Weigh In

Several analysts have weighed in on IEX shares. TD Cowen dropped their price objective on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus upped their price target on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Oppenheimer lowered their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. StockNews.com cut IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada lowered their price target on IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $239.43.

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.