IDEX Co. (NYSE:IEX) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of IDEX Co. (NYSE:IEX) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,943 shares of the industrial products company’s stock after selling 2,728 shares during the period. Public Employees Retirement System of Ohio’s holdings in IDEX were worth $7,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates raised its holdings in IDEX by 11.2% during the fourth quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company’s stock worth $16,601,000 after purchasing an additional 7,684 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of IDEX by 14.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,787 shares of the industrial products company’s stock worth $1,256,000 after buying an additional 750 shares in the last quarter. Oak Thistle LLC boosted its stake in IDEX by 134.0% during the fourth quarter. Oak Thistle LLC now owns 4,933 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 2,825 shares in the last quarter. Welch Group LLC boosted its stake in IDEX by 35.0% during the fourth quarter. Welch Group LLC now owns 2,700 shares of the industrial products company’s stock valued at $586,000 after buying an additional 700 shares in the last quarter. Finally, Carderock Capital Management Inc. grew its holdings in IDEX by 12.2% during the fourth quarter. Carderock Capital Management Inc. now owns 27,830 shares of the industrial products company’s stock worth $6,042,000 after acquiring an additional 3,024 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Trading Up 0.5 %

IEX traded up $0.96 during midday trading on Tuesday, reaching $207.18. 17,422 shares of the company were exchanged, compared to its average volume of 423,594. IDEX Co. has a one year low of $183.76 and a one year high of $246.36. The stock has a market capitalization of $15.68 billion, a P/E ratio of 27.13, a PEG ratio of 2.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.37. The stock’s 50-day simple moving average is $204.06 and its 200 day simple moving average is $219.60.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, July 12th. IDEX’s dividend payout ratio is currently 36.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IEX. Citigroup raised their price objective on shares of IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus reduced their target price on shares of IDEX from $265.00 to $236.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Oppenheimer boosted their target price on IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Robert W. Baird decreased their target price on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, StockNews.com downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $246.57.

IDEX 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.