IDEX Co. (NYSE:IEX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in shares of IDEX Co. (NYSE:IEX) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,655 shares of the industrial products company’s stock after selling 359 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in IDEX were worth $1,213,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of IDEX by 1.3% during the 3rd quarter. Toronto Dominion Bank now owns 38,884 shares of the industrial products company’s stock valued at $8,341,000 after acquiring an additional 512 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of IDEX by 5.2% during the third quarter. Coldstream Capital Management Inc. now owns 12,108 shares of the industrial products company’s stock worth $2,598,000 after purchasing an additional 596 shares during the period. Geode Capital Management LLC lifted its position in shares of IDEX by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock worth $404,339,000 after buying an additional 23,388 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of IDEX by 7.2% in the 3rd quarter. M&T Bank Corp now owns 20,934 shares of the industrial products company’s stock valued at $4,490,000 after buying an additional 1,401 shares during the period. Finally, Barclays PLC grew its position in shares of IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after buying an additional 14,360 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX opened at $222.26 on Wednesday. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96. The stock’s fifty day moving average is $221.47 and its 200-day moving average is $209.09. IDEX Co. has a one year low of $189.51 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The company had revenue of $798.20 million for the quarter, compared to the consensus estimate of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. IDEX’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 EPS. Equities analysts anticipate that IDEX Co. will post 7.89 EPS for the current year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, January 17th. IDEX’s payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IEX shares. Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Stifel Nicolaus upped their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup boosted their price target on shares of IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $243.14.

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.