IDEX Co. (NYSE:IEX) Shares Bought by Robeco Schweiz AG

Robeco Schweiz AG grew its position in IDEX Co. (NYSE:IEX) by 29.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 337,290 shares of the industrial products company’s stock after purchasing an additional 76,867 shares during the period. Robeco Schweiz AG owned approximately 0.45% of IDEX worth $67,863,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IEX. Riverview Trust Co acquired a new position in IDEX in the 1st quarter worth approximately $35,000. Quarry LP acquired a new stake in shares of IDEX in the fourth quarter worth $36,000. EdgeRock Capital LLC purchased a new position in shares of IDEX during the second quarter worth $41,000. Whittier Trust Co. lifted its position in IDEX by 38.4% during the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 58 shares during the period. Finally, UMB Bank n.a. boosted its holdings in IDEX by 31.0% in the second quarter. UMB Bank n.a. now owns 241 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 57 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Oppenheimer reduced their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Royal Bank of Canada decreased their target price on shares of IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus dropped their price target on shares of IDEX from $265.00 to $236.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. TD Cowen decreased their price objective on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson dropped their target price on IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.50.

IDEX Stock Up 0.5 %

IEX opened at $198.11 on Friday. The company has a market cap of $15.00 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. IDEX Co. has a twelve month low of $183.76 and a twelve month high of $246.36. The company has a 50-day moving average price of $200.22 and a 200 day moving average price of $215.11. The company has a quick ratio of 2.52, a current ratio of 3.41 and a debt-to-equity ratio of 0.36.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $2.06 EPS for the quarter, beating 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 business had revenue of $807.20 million during the quarter, compared to analysts’ expectations of $828.15 million. During the same quarter in the prior year, the firm earned $2.18 earnings per share. The business’s revenue was down 4.6% compared to the same quarter last year. Sell-side analysts expect that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were given a dividend of $0.69 per share. The ex-dividend date was Friday, July 12th. This represents a $2.76 dividend on an annualized basis and a yield of 1.39%. IDEX’s payout ratio is presently 36.32%.

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.