IDEX Corporation (IEX) Stake Held by EULAV Asset Management

EULAV Asset Management maintained its position in shares of IDEX Corporation (NYSE:IEX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,950 shares of the company’s stock at the end of the third quarter. EULAV Asset Management owned about 0.11% of IDEX Corporation worth $7,668,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of IDEX Corporation by 3.6% in the second quarter. Vanguard Group Inc. now owns 5,496,210 shares of the company’s stock valued at $451,239,000 after buying an additional 188,937 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of IDEX Corporation by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 2,826,253 shares of the company’s stock valued at $264,453,000 after buying an additional 163,006 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of IDEX Corporation by 4.3% in the third quarter. BlackRock Fund Advisors now owns 2,768,940 shares of the company’s stock valued at $259,090,000 after buying an additional 112,921 shares during the last quarter. FMR LLC boosted its position in shares of IDEX Corporation by 2.1% in the second quarter. FMR LLC now owns 2,469,173 shares of the company’s stock valued at $202,720,000 after buying an additional 50,255 shares during the last quarter. Finally, Waddell & Reed Financial Inc. boosted its position in shares of IDEX Corporation by 2.3% in the second quarter. Waddell & Reed Financial Inc. now owns 1,097,655 shares of the company’s stock valued at $90,117,000 after buying an additional 24,196 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Institutional Ownership by Quarter for IDEX Corporation (NYSE:IEX)

IDEX Corporation (NYSE:IEX) traded up 0.43% on Wednesday, reaching $90.86. The company’s stock had a trading volume of 54,652 shares. IDEX Corporation has a 52 week low of $67.20 and a 52 week high of $95.76. The firm’s 50 day moving average price is $92.38 and its 200-day moving average price is $90.10. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 24.90 and a beta of 1.18.

IDEX Corporation (NYSE:IEX) last posted its earnings results on Monday, October 17th. The company reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. IDEX Corporation had a return on equity of 19.15% and a net margin of 13.52%. The business earned $530.40 million during the quarter, compared to analyst estimates of $536.29 million. During the same quarter last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts predict that IDEX Corporation will post $3.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Monday, January 16th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.50%. IDEX Corporation’s dividend payout ratio (DPR) is currently 37.06%.

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Several equities analysts have recently issued reports on the company. Royal Bank Of Canada cut IDEX Corporation from an “outperform” rating to a “sector perform” rating and set a $101.00 price objective for the company. in a research note on Wednesday, December 7th. Sanford C. Bernstein restated a “market perform” rating on shares of IDEX Corporation in a research note on Thursday, December 15th. RBC Capital Markets cut IDEX Corporation from an “outperform” rating to a “sector perform” rating and set a $101.00 target price for the company. in a research note on Wednesday, December 7th. They noted that the move was a valuation call. Stifel Nicolaus boosted their target price on IDEX Corporation from $88.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, October 19th. Finally, Zacks Investment Research cut IDEX Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. IDEX Corporation currently has a consensus rating of “Hold” and a consensus price target of $90.88.

In related news, COO Eric D. Ashleman sold 6,000 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $92.83, for a total value of $556,980.00. Following the completion of the transaction, the chief operating officer now owns 19,941 shares of the company’s stock, valued at $1,851,123.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey D. Bucklew sold 3,250 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $93.00, for a total value of $302,250.00. Following the completion of the transaction, the senior vice president now directly owns 5,510 shares of the company’s stock, valued at approximately $512,430. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

IDEX Corporation Company Profile

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP).

5 Day Chart for NYSE:IEX

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