IDEX Co. (NYSE:IEX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in IDEX Co. (NYSE:IEX) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 645,425 shares of the industrial products company’s stock after selling 2,962 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.85% of IDEX worth $138,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEX. Catalyst Capital Advisors LLC raised its stake in shares of IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. acquired a new position in IDEX in the 3rd quarter valued at $39,000. EdgeRock Capital LLC purchased a new position in IDEX during the 2nd quarter worth $41,000. Whittier Trust Co. lifted its stake in shares of IDEX by 38.4% in the 2nd quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 58 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of IDEX by 100.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 100 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IEX has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on shares of IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Argus downgraded IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird cut their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Oppenheimer decreased their target price 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, TD Cowen cut their price target on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average price target of $241.14.

IDEX Trading Down 0.2 %

Shares of IDEX stock opened at $230.63 on Monday. The business has a 50 day moving average price of $217.66 and a 200 day moving average price of $208.15. The company has a market capitalization of $17.46 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36.

IDEX (NYSE:IEX) last announced its earnings results 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. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm had revenue of $798.20 million during the quarter, compared to the consensus estimate of $793.05 million. During the same quarter in the previous year, the company posted $2.12 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts anticipate that IDEX Co. will post 7.89 EPS for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.20%. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

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.