Values First Advisors Inc. Acquires Shares of 455 IDEX Co. (NYSE:IEX)

Values First Advisors Inc. bought a new position in IDEX Co. (NYSE:IEX) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 455 shares of the industrial products company’s stock, valued at approximately $98,000.

Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in IDEX by 27.2% during the third quarter. Assenagon Asset Management S.A. now owns 67,650 shares of the industrial products company’s stock worth $14,511,000 after buying an additional 14,457 shares during the period. Jade Capital Advisors LLC bought a new stake in shares of IDEX in the 3rd quarter worth about $2,145,000. Berry Wealth Group LP boosted its stake in shares of IDEX by 27.1% during the 3rd quarter. Berry Wealth Group LP now owns 1,465 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 312 shares during the period. Compass Ion Advisors LLC grew its holdings in IDEX by 12.2% during the 3rd quarter. Compass Ion Advisors LLC now owns 5,102 shares of the industrial products company’s stock valued at $1,094,000 after purchasing an additional 555 shares during the last quarter. Finally, Vest Financial LLC raised its position in IDEX by 31.4% in the 3rd quarter. Vest Financial LLC now owns 7,154 shares of the industrial products company’s stock worth $1,535,000 after purchasing an additional 1,709 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.3 %

NYSE:IEX opened at $202.82 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.41 and a quick ratio of 2.52. IDEX Co. has a 1-year low of $183.76 and a 1-year high of $246.36. The company has a 50-day moving average of $205.96 and a 200 day moving average of $208.47. The firm has a market cap of $15.35 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $807.20 million for the quarter, compared to the consensus estimate of $828.15 million. IDEX had a net margin of 18.19% and a return on equity of 16.87%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $2.18 earnings per share. As a group, research analysts anticipate that IDEX Co. will post 7.87 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, October 11th. IDEX’s dividend payout ratio (DPR) is currently 36.13%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird cut their target price on IDEX from $256.00 to $241.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus increased their target price on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their target price on shares of IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. StockNews.com downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $239.43.

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.