Oregon Public Employees Retirement Fund boosted its holdings in shares of IDEX Co. (NYSE:IEX) by 94.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,789 shares of the industrial products company’s stock after acquiring an additional 8,172 shares during the period. Oregon Public Employees Retirement Fund’s holdings in IDEX were worth $2,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of IEX. State Street Corp grew its holdings in IDEX by 23.1% during the 3rd quarter. State Street Corp now owns 3,104,075 shares of the industrial products company’s stock worth $508,696,000 after acquiring an additional 581,822 shares in the last quarter. Millennium Management LLC grew its holdings in IDEX by 360.9% during the 3rd quarter. Millennium Management LLC now owns 589,011 shares of the industrial products company’s stock worth $96,527,000 after acquiring an additional 461,220 shares in the last quarter. BlackRock Inc. grew its holdings in IDEX by 2.0% during the 2nd quarter. BlackRock Inc. now owns 8,206,026 shares of the industrial products company’s stock worth $1,412,586,000 after acquiring an additional 157,873 shares in the last quarter. Strs Ohio grew its holdings in IDEX by 1,531.5% during the 4th quarter. Strs Ohio now owns 139,089 shares of the industrial products company’s stock worth $23,923,000 after acquiring an additional 130,564 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in IDEX by 1,001.4% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 120,985 shares of the industrial products company’s stock worth $19,827,000 after acquiring an additional 110,000 shares in the last quarter. Institutional investors own 97.56% of the company’s stock.
In other news, SVP Daniel J. Salliotte sold 23,842 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $161.62, for a total value of $3,853,344.04. Following the sale, the senior vice president now directly owns 30,358 shares in the company, valued at approximately $4,906,459.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael J. Yates sold 14,871 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $162.76, for a total transaction of $2,420,403.96. Following the completion of the sale, the chief accounting officer now owns 6,197 shares in the company, valued at $1,008,623.72. The disclosure for this sale can be found here. Insiders sold a total of 43,393 shares of company stock worth $7,036,448 over the last 90 days. Company insiders own 1.20% of the company’s stock.
Several brokerages have issued reports on IEX. Royal Bank of Canada dropped their target price on shares of IDEX from $180.00 to $174.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Robert W. Baird dropped their target price on shares of IDEX from $180.00 to $178.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $185.00 target price on shares of IDEX in a report on Wednesday, January 29th. Finally, Janney Montgomery Scott cut shares of IDEX from a “neutral” rating to a “sell” rating and set a $151.00 target price on the stock. in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. IDEX presently has a consensus rating of “Hold” and an average target price of $176.22.
NYSE:IEX opened at $174.79 on Friday. IDEX Co. has a fifty-two week low of $141.47 and a fifty-two week high of $178.14. The stock has a market capitalization of $13.29 billion, a P/E ratio of 30.17, a P/E/G ratio of 3.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.70 and a current ratio of 3.52. The company’s 50-day simple moving average is $172.02 and its 200-day simple moving average is $165.23.
IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.02). IDEX had a net margin of 17.06% and a return on equity of 20.68%. The firm had revenue of $606.00 million during the quarter, compared to the consensus estimate of $614.66 million. During the same quarter in the prior year, the business posted $1.31 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts forecast that IDEX Co. will post 5.71 EPS for the current year.
IDEX Company Profile
IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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