Mountain Pacific Investment Advisers LLC Sells 250 Shares of IDEX Co. (NYSE:IEX)

Mountain Pacific Investment Advisers LLC decreased its holdings in IDEX Co. (NYSE:IEX) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 244,159 shares of the industrial products company’s stock after selling 250 shares during the period. IDEX makes up approximately 3.6% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 5th largest position. Mountain Pacific Investment Advisers LLC owned about 0.32% of IDEX worth $51,100,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC lifted its position in 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 buying an additional 59 shares in the last quarter. Assetmark Inc. purchased a new position in shares of IDEX during the 3rd quarter worth $39,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of IDEX by 100.0% during the 3rd 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 during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of IDEX by 19.9% in the second quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 57 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in IDEX during the third quarter worth about $86,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on IEX shares. Stifel Nicolaus boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird reduced their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $242.86.

IDEX Trading Down 0.7 %

Shares of NYSE IEX opened at $215.67 on Tuesday. The stock has a fifty day simple moving average of $220.04 and a 200-day simple moving average of $210.69. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $16.33 billion, a PE ratio of 33.39, a PEG ratio of 2.03 and a beta of 0.97.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (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 analyst estimates of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. On average, equities analysts forecast that IDEX Co. will post 7.89 earnings per share for the current 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 paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.28%. IDEX’s dividend payout ratio (DPR) is 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.