Parametric Portfolio Associates LLC Has $28.71 Million Holdings in IDEX Co. (IEX)

Parametric Portfolio Associates LLC cut its stake in IDEX Co. (NYSE:IEX) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,311 shares of the industrial products company’s stock after selling 8,221 shares during the period. Parametric Portfolio Associates LLC owned 0.31% of IDEX worth $28,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IEX. Toronto Dominion Bank acquired a new position in shares of IDEX during the second quarter valued at $106,000. Strs Ohio acquired a new position in shares of IDEX during the second quarter valued at $112,000. Acrospire Investment Management LLC increased its holdings in shares of IDEX by 1,000.0% during the second quarter. Acrospire Investment Management LLC now owns 1,100 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 1,000 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of IDEX during the second quarter valued at $134,000. Finally, IHT Wealth Management LLC increased its holdings in shares of IDEX by 258.5% during the second quarter. IHT Wealth Management LLC now owns 527 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 380 shares during the period. 96.96% of the stock is currently owned by hedge funds and other institutional investors.

IEX has been the topic of a number of research analyst reports. Zacks Investment Research lowered IDEX from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Royal Bank of Canada raised their price target on IDEX from $124.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating on shares of IDEX in a report on Friday, October 20th. Stifel Nicolaus reissued a “hold” rating and set a $120.00 price target on shares of IDEX in a report on Sunday, September 3rd. Finally, Cowen reissued a “hold” rating and set a $95.00 price target on shares of IDEX in a report on Friday, October 6th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. IDEX presently has a consensus rating of “Hold” and an average target price of $116.44.

IDEX Co. (NYSE IEX) opened at $132.07 on Friday. IDEX Co. has a 52 week low of $88.29 and a 52 week high of $135.70. The firm has a market capitalization of $10,159.15, a PE ratio of 33.86, a P/E/G ratio of 2.40 and a beta of 1.24. The company has a current ratio of 2.84, a quick ratio of 2.04 and a debt-to-equity ratio of 0.48.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Monday, January 15th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.48 annualized dividend and a yield of 1.12%. IDEX’s dividend payout ratio is currently 37.95%.

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IDEX 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).

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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