Compass Ion Advisors LLC Has $1.09 Million Holdings in IDEX Co. (NYSE:IEX)

Compass Ion Advisors LLC raised its position in shares of IDEX Co. (NYSE:IEX) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,102 shares of the industrial products company’s stock after acquiring an additional 555 shares during the period. Compass Ion Advisors LLC’s holdings in IDEX were worth $1,094,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new position in shares of IDEX in the first quarter valued at about $35,000. EdgeRock Capital LLC acquired a new position in shares of IDEX during the second quarter worth approximately $41,000. Whittier Trust Co. grew its stake in shares of 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of IDEX by 100.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 100 shares in the last quarter. Finally, UMB Bank n.a. raised its position in IDEX by 31.0% in the 2nd quarter. UMB Bank n.a. now owns 241 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Argus cut IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. DA Davidson dropped their price objective on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Royal Bank of Canada reduced their target price on shares of IDEX from $250.00 to $236.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird dropped their price target on shares of IDEX from $256.00 to $241.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Oppenheimer reduced their price objective on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus target price of $239.43.

IDEX Trading Up 0.3 %

IEX traded up $0.65 during mid-day trading on Friday, hitting $210.53. The stock had a trading volume of 283,789 shares, compared to its average volume of 463,469. IDEX Co. has a 1-year low of $183.76 and a 1-year high of $246.36. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.41 and a quick ratio of 2.52. The stock’s fifty day simple moving average is $204.81 and its 200-day simple moving average is $209.41.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.06 EPS for the quarter, topping 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 company had revenue of $807.20 million for the quarter, compared to analyst estimates of $828.15 million. During the same quarter last year, the firm posted $2.18 earnings per share. IDEX’s revenue was down 4.6% compared to the same quarter last year. As a group, research analysts forecast that IDEX Co. will post 7.88 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $2.76 annualized dividend and a dividend yield of 1.31%. IDEX’s dividend payout ratio is currently 36.32%.

IDEX Company 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.