Voya Investment Management LLC reduced its position in shares of IDEX Corporation (NYSE:IEX) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,834 shares of the industrial products company’s stock after selling 2,020 shares during the quarter. Voya Investment Management LLC owned 0.08% of IDEX Corporation worth $6,536,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. raised its position in IDEX Corporation by 468.9% during the second quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock worth $41,605,000 after acquiring an additional 303,440 shares in the last quarter. Asset Management One Co. Ltd. raised its position in IDEX Corporation by 129.5% during the first quarter. Asset Management One Co. Ltd. now owns 20,120 shares of the industrial products company’s stock worth $1,871,000 after acquiring an additional 11,352 shares in the last quarter. Louisiana State Employees Retirement System raised its position in IDEX Corporation by 3.1% during the second quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the industrial products company’s stock worth $2,249,000 after acquiring an additional 600 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in IDEX Corporation during the second quarter worth $2,766,000. Finally, BlackRock Inc. raised its position in IDEX Corporation by 7,037.4% during the first quarter. BlackRock Inc. now owns 6,425,051 shares of the industrial products company’s stock worth $600,808,000 after acquiring an additional 6,335,032 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.
IEX has been the topic of several analyst reports. Zacks Investment Research lowered shares of IDEX Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of IDEX Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Cowen and Company upped their price objective on shares of IDEX Corporation from $80.00 to $95.00 and gave the company a “market perform” rating in a report on Wednesday, July 5th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of IDEX Corporation in a report on Wednesday, June 21st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $111.88.
IDEX Corporation (NYSE:IEX) opened at 123.06 on Wednesday. IDEX Corporation has a 12-month low of $82.05 and a 12-month high of $125.42. The firm has a 50 day moving average of $120.29 and a 200 day moving average of $110.90. The firm has a market capitalization of $9.40 billion, a P/E ratio of 32.98 and a beta of 1.19.
IDEX Corporation (NYSE:IEX) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. IDEX Corporation had a return on equity of 19.01% and a net margin of 13.12%. The company had revenue of $573.40 million for the quarter, compared to analysts’ expectations of $568.43 million. During the same period in the previous year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that IDEX Corporation will post $4.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, October 13th. IDEX Corporation’s dividend payout ratio is currently 39.68%.
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In related news, SVP Jeffrey D. Bucklew sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $116.79, for a total value of $467,160.00. Following the sale, the senior vice president now directly owns 6,726 shares in the company, valued at approximately $785,529.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel J. Salliotte sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total value of $692,040.00. Following the completion of the sale, the senior vice president now owns 33,762 shares in the company, valued at $3,894,109.08. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $6,909,200 over the last 90 days. 1.00% of the stock is currently owned by company 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).
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