Brooklyn Investment Group bought a new stake in IDEX Co. (NYSE:IEX – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 400 shares of the industrial products company’s stock, valued at approximately $86,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Champlain Investment Partners LLC grew its stake in IDEX by 28.8% in the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after purchasing an additional 273,460 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after acquiring an additional 1,021,439 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of IDEX by 16.2% during the 3rd quarter. King Luther Capital Management Corp now owns 742,724 shares of the industrial products company’s stock valued at $159,314,000 after acquiring an additional 103,432 shares in the last quarter. Fisher Asset Management LLC lifted its stake in IDEX by 7.6% during the third quarter. Fisher Asset Management LLC now owns 659,006 shares of the industrial products company’s stock worth $141,357,000 after purchasing an additional 46,770 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in IDEX by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 630,443 shares of the industrial products company’s stock worth $135,230,000 after purchasing an additional 4,629 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.
IDEX Price Performance
NYSE IEX opened at $231.10 on Friday. The company has a 50 day moving average price of $216.81 and a two-hundred day moving average price of $208.07. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The stock has a market capitalization of $17.50 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.
IDEX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, January 17th. IDEX’s dividend payout ratio is currently 42.72%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. DA Davidson cut their target price on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus raised their price target on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird lowered their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada raised their target price on IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Argus lowered shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.14.
Read Our Latest Stock Report on IDEX
About IDEX
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.
Featured Articles
- Five stocks we like better than IDEX
- ETF Screener: Uses and Step-by-Step Guide
- Eli Lilly, Pfizer, and AstraZeneca: 2025 Vaccine Makers to Watch
- Russell 2000 Index, How Investors Use it For Profitable Trading
- DICK’S Sporting Goods: The Under-the-Radar Buy-and-Hold Winner
- What to Know About Investing in Penny Stocks
- 2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ
Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Co. (NYSE:IEX – Free Report).
Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.