Oak Thistle LLC Has $597,000 Stock Position in IDEX Co. (NYSE:IEX)

Oak Thistle LLC lowered its holdings in shares of IDEX Co. (NYSE:IEX) by 50.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,448 shares of the industrial products company’s stock after selling 2,485 shares during the period. Oak Thistle LLC’s holdings in IDEX were worth $597,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Planned Solutions Inc. acquired a new position in IDEX in the 4th quarter worth about $33,000. Riverview Trust Co acquired a new stake in shares of IDEX in the first quarter valued at about $35,000. Quarry LP acquired a new stake in shares of IDEX in the fourth quarter valued at about $36,000. EdgeRock Capital LLC acquired a new stake in shares of IDEX in the fourth quarter valued at about $48,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of IDEX during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Down 2.6 %

Shares of IEX stock traded down $5.31 during trading hours on Monday, reaching $195.89. The company had a trading volume of 515,681 shares, compared to its average volume of 419,938. IDEX Co. has a 12 month low of $183.76 and a 12 month high of $246.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.45. The business has a fifty day simple moving average of $212.50 and a 200-day simple moving average of $221.17. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.02 and a beta of 0.96.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.52 million. IDEX had a return on equity of 17.60% and a net margin of 17.89%. IDEX’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $2.09 earnings per share. On average, research analysts expect that IDEX Co. will post 8.31 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, July 12th. IDEX’s payout ratio is 36.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer upped their target price on IDEX from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Robert W. Baird cut their target price on IDEX from $260.00 to $256.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada restated an “outperform” rating and set a $255.00 target price on shares of IDEX in a research report on Thursday, March 21st. StockNews.com upgraded IDEX from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Finally, Citigroup increased their price target on IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $250.71.

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.