OneDigital Investment Advisors LLC Grows Stock Position in IDEX Co. (NYSE:IEX)

OneDigital Investment Advisors LLC raised its holdings in IDEX Co. (NYSE:IEX) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,684 shares of the industrial products company’s stock after buying an additional 142 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in IDEX were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IEX. Van ECK Associates Corp boosted its holdings in IDEX by 9,424.6% in the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after acquiring an additional 1,021,439 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of IDEX by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock worth $1,943,609,000 after purchasing an additional 555,250 shares during the period. Hsbc Holdings PLC lifted its stake in shares of IDEX by 75.6% in the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock valued at $104,179,000 after purchasing an additional 223,422 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of IDEX by 247.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock worth $39,872,000 after purchasing an additional 141,064 shares during the period. Finally, Millennium Management LLC increased its position in IDEX by 1,541.6% during the 2nd quarter. Millennium Management LLC now owns 138,744 shares of the industrial products company’s stock worth $27,915,000 after purchasing an additional 130,292 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IEX has been the subject of several research reports. DA Davidson decreased their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Royal Bank of Canada increased their price target on IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Robert W. Baird reduced their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus upped their target price on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Trading Up 2.0 %

NYSE:IEX opened at $227.50 on Friday. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. IDEX Co. has a one year low of $189.51 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. The business’s 50-day simple moving average is $214.43 and its 200 day simple moving average is $207.89.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. During the same period in the prior year, the company posted $2.12 EPS. IDEX’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts predict that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.21%. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

IDEX 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.