3,250 Shares in IDEX Corporation (NYSE:IEX) Acquired by Oakbrook Investments LLC

Oakbrook Investments LLC acquired a new position in shares of IDEX Corporation (NYSE:IEX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,250 shares of the industrial products company’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creative Planning boosted its stake in shares of IDEX Corporation by 4.3% in the first quarter. Creative Planning now owns 1,422 shares of the industrial products company’s stock worth $133,000 after buying an additional 59 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of IDEX Corporation during the second quarter worth $181,000. Diversified Trust Co acquired a new stake in shares of IDEX Corporation during the first quarter worth $207,000. Tocqueville Asset Management L.P. acquired a new stake in shares of IDEX Corporation during the first quarter worth $234,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of IDEX Corporation during the first quarter worth $236,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

IDEX Corporation (IEX) opened at 116.22 on Monday. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 31.15 and a beta of 1.20. IDEX Corporation has a 1-year low of $82.05 and a 1-year high of $118.08. The company has a 50-day moving average of $113.58 and a 200-day moving average of $101.46.

IDEX Corporation (NYSE:IEX) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. IDEX Corporation had a net margin of 13.12% and a return on equity of 19.01%. The firm had revenue of $573.40 million during the quarter, compared to the consensus estimate of $568.43 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict that IDEX Corporation will post $4.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, July 12th. IDEX Corporation’s payout ratio is presently 39.68%.

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IEX has been the subject of a number of research reports. Zacks Investment Research upgraded shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Wednesday, May 10th. Robert W. Baird restated a “buy” rating and set a $104.00 target price on shares of IDEX Corporation in a report on Friday, April 21st. BidaskClub cut shares of IDEX Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and set a $100.00 target price on shares of IDEX Corporation in a report on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of IDEX Corporation in a report on Wednesday, May 24th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $105.00.

In other IDEX Corporation news, Chairman Andrew K. Silvernail sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total value of $5,750,000.00. Following the completion of the sale, the chairman now owns 142,114 shares of the company’s stock, valued at $16,343,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

About IDEX Corporation

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).