Public Employees Retirement System of Ohio Has $7.42 Million Stock Position in IDEX Co. (NYSE:IEX)

Public Employees Retirement System of Ohio raised its stake in shares of IDEX Co. (NYSE:IEX) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,945 shares of the industrial products company’s stock after purchasing an additional 5,934 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of IDEX worth $7,419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEX. Commonwealth Equity Services LLC raised its stake in shares of IDEX by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,498 shares of the industrial products company’s stock valued at $394,000 after acquiring an additional 63 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of IDEX by 1.0% in the second quarter. First Republic Investment Management Inc. now owns 7,867 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 76 shares during the last quarter. Fort L.P. raised its stake in shares of IDEX by 0.5% in the first quarter. Fort L.P. now owns 16,791 shares of the industrial products company’s stock valued at $2,319,000 after acquiring an additional 83 shares during the last quarter. MML Investors Services LLC raised its stake in shares of IDEX by 3.6% in the first quarter. MML Investors Services LLC now owns 2,588 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 89 shares during the last quarter. Finally, Eventide Asset Management LLC raised its stake in shares of IDEX by 1.1% in the first quarter. Eventide Asset Management LLC now owns 9,300 shares of the industrial products company’s stock valued at $1,284,000 after acquiring an additional 100 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

In other IDEX news, CEO Andrew K. Silvernail sold 99,870 shares of IDEX stock in a transaction on Monday, July 27th. The shares were sold at an average price of $168.77, for a total value of $16,855,059.90. Following the completion of the sale, the chief executive officer now directly owns 304,036 shares of the company’s stock, valued at $51,312,155.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Denise R. Cade sold 2,650 shares of IDEX stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $173.26, for a total transaction of $459,139.00. Following the completion of the sale, the senior vice president now directly owns 7,875 shares of the company’s stock, valued at $1,364,422.50. The disclosure for this sale can be found here. Insiders have sold 128,043 shares of company stock valued at $21,872,661 in the last three months. 1.10% of the stock is owned by insiders.

Shares of NYSE IEX opened at $186.43 on Wednesday. IDEX Co. has a twelve month low of $104.56 and a twelve month high of $186.63. The firm has a fifty day simple moving average of $175.07 and a 200 day simple moving average of $156.57. The company has a market capitalization of $14.06 billion, a PE ratio of 38.08, a P/E/G ratio of 3.86 and a beta of 1.07. The company has a quick ratio of 2.67, a current ratio of 3.48 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last announced its earnings results on Friday, July 24th. The industrial products company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. IDEX had a net margin of 15.71% and a return on equity of 18.15%. The business had revenue of $561.25 million during the quarter, compared to the consensus estimate of $526.69 million. During the same quarter last year, the firm earned $1.50 earnings per share. As a group, equities analysts expect that IDEX Co. will post 4.69 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Boenning Scattergood upgraded shares of IDEX from a “neutral” rating to an “outperform” rating in a research note on Friday, July 24th. Argus assumed coverage on shares of IDEX in a research report on Friday, June 19th. They set a “buy” rating and a $180.00 target price for the company. Stifel Nicolaus upped their target price on shares of IDEX from $172.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Wells Fargo & Company boosted their price target on shares of IDEX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Rosenblatt Securities increased their price objective on shares of IDEX from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Sunday, July 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $171.83.

IDEX Profile

IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

Recommended Story: What is the S&P/TSX Index?

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.