IDEX Co. (NYSE:IEX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in IDEX Co. (NYSE:IEX) by 97.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,016 shares of the industrial products company’s stock after selling 35,334 shares during the quarter. Jane Street Group LLC’s holdings in IDEX were worth $218,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IEX. Wellington Management Group LLP raised its position in shares of IDEX by 108.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock worth $607,234,000 after buying an additional 1,472,456 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of IDEX by 9,424.6% during the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after acquiring an additional 1,021,439 shares during the period. Champlain Investment Partners LLC raised its holdings in IDEX by 28.8% during the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after purchasing an additional 273,460 shares in the last quarter. Hsbc Holdings PLC lifted its position in IDEX by 75.6% in the second 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 period. Finally, D. E. Shaw & Co. Inc. boosted its stake in IDEX by 247.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock valued at $39,872,000 after purchasing an additional 141,064 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on IEX shares. Robert W. Baird cut their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Citigroup upped their price target on shares of IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus lifted their price objective 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 target price 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $243.14.

IDEX Stock Down 1.4 %

IEX stock opened at $205.87 on Monday. The company’s 50 day simple moving average is $221.58 and its 200-day simple moving average is $209.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. The firm has a market capitalization of $15.59 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.36 and a beta of 0.97.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 EPS. As a group, equities research analysts anticipate that IDEX Co. will post 7.89 EPS for the current year.

IDEX Announces Dividend

The business also recently declared 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 1.34%. The ex-dividend date is Friday, January 17th. IDEX’s dividend payout ratio is currently 42.72%.

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.