IDEX Co. (IEX) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in IDEX Co. (NYSE:IEX) by 43.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,330 shares of the industrial products company’s stock after purchasing an additional 1,908 shares during the quarter. Advisors Asset Management Inc.’s holdings in IDEX were worth $769,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IEX. BlackRock Inc. increased its holdings in shares of IDEX by 8.8% in the 2nd quarter. BlackRock Inc. now owns 6,993,420 shares of the industrial products company’s stock worth $790,326,000 after buying an additional 568,369 shares during the last quarter. State Street Corp increased its holdings in shares of IDEX by 20.6% in the 2nd quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock worth $270,781,000 after buying an additional 409,654 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of IDEX by 59.5% in the 2nd quarter. Principal Financial Group Inc. now owns 904,398 shares of the industrial products company’s stock worth $102,206,000 after buying an additional 337,382 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of IDEX by 468.9% in the 2nd quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock worth $41,605,000 after buying an additional 303,440 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of IDEX in the 2nd quarter worth about $24,072,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of IDEX from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Robert W. Baird restated a “buy” rating and issued a $129.00 target price on shares of IDEX in a report on Wednesday, October 4th. Jefferies Group restated a “hold” rating on shares of IDEX in a report on Friday, October 6th. Seaport Global Securities restated a “neutral” rating on shares of IDEX in a report on Wednesday, October 18th. Finally, Oppenheimer restated a “hold” rating on shares of IDEX in a report on Wednesday, October 18th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $113.78.

Shares of IDEX Co. (IEX) traded down $1.58 during trading hours on Monday, reaching $133.99. 298,600 shares of the company traded hands, compared to its average volume of 306,329. The company has a market cap of $10,237.08, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.24. IDEX Co. has a one year low of $88.29 and a one year high of $135.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 2.04.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. The company had revenue of $574.50 million for the quarter, compared to the consensus estimate of $563.23 million. IDEX had a net margin of 13.48% and a return on equity of 19.07%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. analysts predict that IDEX Co. will post 4.26 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “IDEX Co. (IEX) Shares Bought by Advisors Asset Management Inc.” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/04/idex-co-iex-shares-bought-by-advisors-asset-management-inc.html.

IDEX 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).

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

What are top analysts saying about IDEX Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for IDEX Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit