Robeco Schweiz AG Has $41.67 Million Holdings in IDEX Corporation $IEX

Robeco Schweiz AG decreased its stake in IDEX Corporation (NYSE:IEX) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,337 shares of the industrial products company’s stock after selling 40,442 shares during the period. Robeco Schweiz AG owned about 0.32% of IDEX worth $41,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEX. Wellington Management Group LLP lifted its stake in shares of IDEX by 19.7% in the 1st quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company’s stock valued at $914,007,000 after acquiring an additional 831,005 shares during the last quarter. Invesco Ltd. increased its holdings in IDEX by 15.4% in the 1st quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company’s stock worth $279,682,000 after purchasing an additional 206,633 shares in the last quarter. Amundi raised its position in IDEX by 23.4% in the first quarter. Amundi now owns 1,249,546 shares of the industrial products company’s stock valued at $220,849,000 after purchasing an additional 236,650 shares during the last quarter. Fenimore Asset Management Inc boosted its stake in shares of IDEX by 2.0% during the second quarter. Fenimore Asset Management Inc now owns 872,652 shares of the industrial products company’s stock valued at $153,211,000 after purchasing an additional 16,701 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of IDEX by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 769,341 shares of the industrial products company’s stock worth $139,228,000 after purchasing an additional 21,787 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IEX shares. Citigroup lifted their target price on shares of IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. Oppenheimer set a $210.00 price objective on IDEX in a research report on Tuesday, October 7th. Stifel Nicolaus reduced their target price on IDEX from $204.00 to $191.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Finally, Royal Bank Of Canada dropped their price target on shares of IDEX from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.86.

IDEX Stock Performance

Shares of IEX stock opened at $168.85 on Tuesday. The firm has a 50 day moving average of $164.74 and a 200-day moving average of $172.38. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04. The company has a quick ratio of 2.13, a current ratio of 2.93 and a debt-to-equity ratio of 0.47. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $237.38.

IDEX (NYSE:IEX) last issued its earnings results on Friday, December 16th. The industrial products company reported $1.79 earnings per share (EPS) for the quarter. The business had revenue of $712.00 million for the quarter. IDEX had a net margin of 13.97% and a return on equity of 15.20%. On average, equities analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX announced that its board has authorized a share buyback program on Thursday, September 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 8.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.84 annualized dividend and a yield of 1.7%. IDEX’s dividend payout ratio (DPR) is presently 44.94%.

IDEX Company Profile

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.