Atria Investments Inc Cuts Position in IDEX Co. (NYSE:IEX)

Atria Investments Inc decreased its holdings in IDEX Co. (NYSE:IEX) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,545 shares of the industrial products company’s stock after selling 2,376 shares during the quarter. Atria Investments Inc’s holdings in IDEX were worth $1,404,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IEX. Catalyst Capital Advisors LLC increased its position in shares of IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after buying an additional 59 shares in the last quarter. Assetmark Inc. acquired a new stake in IDEX in the 3rd quarter worth about $39,000. EdgeRock Capital LLC acquired a new position in shares of IDEX in the 2nd quarter valued at about $41,000. Whittier Trust Co. lifted its stake in shares of IDEX by 38.4% in the 2nd 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 in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of IDEX by 100.0% in the 3rd 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. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Cowen dropped their target price on IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. DA Davidson decreased their target price on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Robert W. Baird reduced their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Oppenheimer reduced their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Stifel Nicolaus boosted 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.14.

IDEX Stock Performance

Shares of NYSE IEX opened at $227.83 on Friday. The business’s 50-day moving average price is $212.21 and its two-hundred day moving average price is $207.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. IDEX Co. has a one year low of $189.51 and a one year high of $246.36. The company has a market capitalization of $17.25 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 2.44 and a beta of 0.96.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 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 firm had revenue of $798.20 million for the quarter, compared to the consensus estimate of $793.05 million. During the same quarter in the previous year, the company posted $2.12 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Analysts anticipate that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

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.