IDEX Co. (NYSE:IEX) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in shares of IDEX Co. (NYSE:IEX) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,197 shares of the industrial products company’s stock after purchasing an additional 260 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in IDEX were worth $1,241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co acquired a new position in IDEX during the first quarter worth about $35,000. Quarry LP purchased a new position in IDEX in the 4th quarter valued at approximately $36,000. EdgeRock Capital LLC acquired a new position in IDEX during the second quarter worth $41,000. Whittier Trust Co. boosted its position in IDEX by 38.4% during the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 58 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in IDEX by 31.0% in the second quarter. UMB Bank n.a. now owns 241 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 57 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Price Performance

Shares of NYSE:IEX opened at $208.73 on Monday. The business has a fifty day simple moving average of $201.03 and a 200-day simple moving average of $213.48. IDEX Co. has a 52 week low of $183.76 and a 52 week high of $246.36. The company has a market cap of $15.80 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.09 and a beta of 0.95. The company has a quick ratio of 2.52, a current ratio of 3.41 and a debt-to-equity ratio of 0.36.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. IDEX had a net margin of 18.19% and a return on equity of 16.87%. The company had revenue of $807.20 million during the quarter, compared to the consensus estimate of $828.15 million. During the same quarter in the prior year, the company posted $2.18 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts forecast that IDEX Co. will post 7.88 EPS for the current year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, October 11th. IDEX’s dividend payout ratio (DPR) is currently 36.32%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson cut their price target on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus reduced their price target on shares of IDEX from $265.00 to $236.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. StockNews.com cut shares of IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. TD Cowen reduced their target price on IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Argus downgraded IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $233.50.

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.