IDEX Co. (NYSE:IEX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its stake in shares of IDEX Co. (NYSE:IEX) by 83.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,254 shares of the industrial products company’s stock after selling 21,649 shares during the quarter. Quantbot Technologies LP’s holdings in IDEX were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its position in IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 59 shares during the period. Assetmark Inc. purchased a new position in shares of IDEX in the third quarter worth about $39,000. EdgeRock Capital LLC acquired a new stake in shares of IDEX during the second quarter worth about $41,000. Whittier Trust Co. boosted its position in IDEX by 38.4% in the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $42,000 after buying an additional 58 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock worth $43,000 after buying an additional 100 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Price Performance

NYSE:IEX opened at $230.63 on Monday. The stock has a market capitalization of $17.46 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.44 and a beta of 0.96. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $217.66 and its 200-day moving average price is $208.15.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share. As a group, equities analysts expect that IDEX Co. will post 7.89 EPS for the current fiscal year.

IDEX Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on IEX. TD Cowen decreased their price objective on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird decreased their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Oppenheimer cut their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus boosted their price objective on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada raised their target price on IDEX from $236.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.14.

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.