IDEX Co. (NYSE:IEX) Shares Acquired by ING Groep NV

ING Groep NV increased its holdings in IDEX Co. (NYSE:IEX) by 174.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,125 shares of the industrial products company’s stock after acquiring an additional 38,239 shares during the quarter. ING Groep NV owned approximately 0.08% of IDEX worth $12,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Metis Global Partners LLC grew its position in IDEX by 9.3% during the 3rd quarter. Metis Global Partners LLC now owns 8,364 shares of the industrial products company’s stock worth $1,794,000 after purchasing an additional 714 shares during the last quarter. Curi RMB Capital LLC grew its holdings in shares of IDEX by 15.8% during the third quarter. Curi RMB Capital LLC now owns 67,435 shares of the industrial products company’s stock worth $14,465,000 after buying an additional 9,180 shares during the last quarter. Huntington National Bank increased its position in IDEX by 22.5% in the 3rd quarter. Huntington National Bank now owns 631 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 116 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new stake in IDEX during the 3rd quarter valued at approximately $2,218,000. Finally, Simmons Bank lifted its position in IDEX by 3.8% during the 3rd quarter. Simmons Bank now owns 2,717 shares of the industrial products company’s stock worth $583,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.7 %

IEX stock opened at $229.39 on Friday. IDEX Co. has a 52 week low of $189.51 and a 52 week 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 company has a market cap of $17.37 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.44 and a beta of 0.96. The company’s 50-day moving average price is $211.55 and its 200 day moving average price is $207.74.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $798.20 million for the quarter, compared to analysts’ expectations of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. On average, research analysts expect that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.20%. IDEX’s dividend payout ratio is presently 42.72%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer dropped their target price on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. DA Davidson dropped their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird lowered their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their price target on shares of IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.14.

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.