Ceredex Value Advisors LLC Purchases 20,175 Shares of IDEX Co. (NYSE:IEX)

Ceredex Value Advisors LLC increased its position in IDEX Co. (NYSE:IEX) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 436,550 shares of the industrial products company’s stock after purchasing an additional 20,175 shares during the quarter. IDEX makes up 1.8% of Ceredex Value Advisors LLC’s holdings, making the stock its 11th largest position. Ceredex Value Advisors LLC’s holdings in IDEX were worth $93,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IEX. Livforsakringsbolaget Skandia Omsesidigt grew its stake in IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock valued at $43,000 after buying an additional 100 shares during the last quarter. EdgeRock Capital LLC acquired a new position in shares of IDEX during the 2nd quarter worth approximately $41,000. Whittier Trust Co. grew its position in shares of IDEX by 38.4% during the 2nd 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. UMB Bank n.a. grew its position in shares of IDEX by 31.0% during the 2nd quarter. UMB Bank n.a. now owns 241 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 57 shares in the last quarter. Finally, Mascoma Wealth Management LLC acquired a new position in shares of IDEX during the 2nd quarter worth approximately $51,000. 97.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday. DA Davidson reduced their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Stifel Nicolaus lifted their price objective on shares of IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Oppenheimer lowered their price objective on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Royal Bank of Canada boosted their price target on shares of IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.14.

IDEX Stock Up 0.7 %

NYSE:IEX opened at $216.05 on Friday. IDEX Co. has a twelve month low of $189.33 and a twelve month high of $246.36. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. The stock has a fifty day simple moving average of $207.06 and a 200-day simple moving average of $207.65. The company has a current ratio of 2.97, a quick ratio of 2.52 and a debt-to-equity ratio of 0.54.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The firm had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. Analysts anticipate that IDEX Co. will post 7.86 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.69 dividend. The ex-dividend date was Friday, October 11th. This represents a $2.76 annualized dividend and a yield of 1.28%. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

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.