Invictus RG Buys 1,909 Shares of IDEX Co. (IEX)

Invictus RG boosted its stake in shares of IDEX Co. (NYSE:IEX) by 173.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,007 shares of the industrial products company’s stock after acquiring an additional 1,909 shares during the quarter. Invictus RG’s holdings in IDEX were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IEX. Toronto Dominion Bank purchased a new stake in shares of IDEX in the second quarter valued at approximately $106,000. Strs Ohio purchased a new stake in shares of IDEX in the second quarter valued at approximately $112,000. Acrospire Investment Management LLC increased its position in shares of IDEX by 1,000.0% in the second quarter. Acrospire Investment Management LLC now owns 1,100 shares of the industrial products company’s stock valued at $124,000 after buying an additional 1,000 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of IDEX in the second quarter valued at approximately $134,000. Finally, IHT Wealth Management LLC increased its position in shares of IDEX by 258.5% in the second quarter. IHT Wealth Management LLC now owns 527 shares of the industrial products company’s stock valued at $165,000 after buying an additional 380 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Shares of IDEX Co. (IEX) traded down $0.74 during trading hours on Wednesday, hitting $132.85. The stock had a trading volume of 287,900 shares, compared to its average volume of 306,026. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 2.04. The firm has a market capitalization of $10,206.52, a price-to-earnings ratio of 32.19, a PEG ratio of 2.41 and a beta of 1.24. IDEX Co. has a 12-month low of $88.29 and a 12-month high of $135.70.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Monday, January 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 11th. IDEX’s dividend payout ratio is presently 37.95%.

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

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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)

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