DekaBank Deutsche Girozentrale Acquires 1,763 Shares of IDEX Co. (NYSE:IEX)

DekaBank Deutsche Girozentrale lifted its holdings in IDEX Co. (NYSE:IEX) by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,147 shares of the industrial products company’s stock after buying an additional 1,763 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.14% of IDEX worth $25,013,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Albert D Mason Inc. raised its holdings in shares of IDEX by 1.0% in the first quarter. Albert D Mason Inc. now owns 4,509 shares of the industrial products company’s stock valued at $1,100,000 after buying an additional 45 shares during the last quarter. Czech National Bank raised its holdings in IDEX by 0.5% during the 1st quarter. Czech National Bank now owns 13,306 shares of the industrial products company’s stock worth $3,247,000 after purchasing an additional 61 shares during the last quarter. DB Fitzpatrick & Co Inc raised its holdings in IDEX by 2.4% during the 4th quarter. DB Fitzpatrick & Co Inc now owns 2,833 shares of the industrial products company’s stock worth $615,000 after purchasing an additional 67 shares during the last quarter. Greenleaf Trust raised its holdings in IDEX by 6.7% during the 1st quarter. Greenleaf Trust now owns 1,120 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 70 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. raised its holdings in IDEX by 25.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 388 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 79 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Stock Down 1.1 %

NYSE:IEX traded down $2.17 during trading hours on Friday, reaching $194.12. 786,349 shares of the stock were exchanged, compared to its average volume of 494,097. IDEX Co. has a twelve month low of $183.76 and a twelve month high of $246.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.41 and a quick ratio of 2.45. The firm has a 50 day moving average of $202.88 and a 200 day moving average of $219.37. The stock has a market cap of $14.69 billion, a PE ratio of 25.54, a PEG ratio of 2.08 and a beta of 0.95.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. IDEX had a return on equity of 16.87% and a net margin of 18.19%. The firm 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 firm posted $2.18 EPS. The business’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts expect that IDEX Co. will post 7.85 earnings per share for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, July 12th. IDEX’s dividend payout ratio is currently 36.32%.

Analyst Ratings Changes

IEX has been the subject of several recent research reports. Citigroup boosted their price objective on IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com lowered IDEX from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Robert W. Baird decreased their target price on IDEX from $256.00 to $241.00 and set an “outperform” rating for the company in a research report on Friday. 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. Finally, Royal Bank of Canada decreased their target price on IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.

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.