IDEX Co. (NYSE:IEX) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in shares of IDEX Co. (NYSE:IEX) by 27.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 67,650 shares of the industrial products company’s stock after buying an additional 14,457 shares during the quarter. Assenagon Asset Management S.A.’s holdings in IDEX were worth $14,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEX. Park Avenue Securities LLC raised its position in shares of IDEX by 13.8% in the 1st quarter. Park Avenue Securities LLC now owns 2,293 shares of the industrial products company’s stock valued at $559,000 after purchasing an additional 278 shares during the last quarter. Buffington Mohr McNeal raised its holdings in shares of IDEX by 3.7% in the first quarter. Buffington Mohr McNeal now owns 5,274 shares of the industrial products company’s stock worth $1,287,000 after buying an additional 188 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of IDEX by 1.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 183,945 shares of the industrial products company’s stock worth $44,886,000 after buying an additional 3,391 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of IDEX during the first quarter valued at $243,000. Finally, Norden Group LLC acquired a new position in shares of IDEX in the 1st quarter valued at $473,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on IEX shares. Argus downgraded IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen dropped their target price on IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their price target on shares of IDEX from $250.00 to $236.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Oppenheimer dropped their price objective on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, StockNews.com cut shares of IDEX from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.43.

IDEX Trading Down 0.3 %

Shares of NYSE:IEX opened at $202.82 on Friday. The business’s 50 day moving average price is $205.96 and its 200-day moving average price is $208.24. IDEX Co. has a 1 year low of $183.76 and a 1 year high of $246.36. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. 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 (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. The business 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 revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $2.18 earnings per share. On average, equities research analysts forecast that IDEX Co. will post 7.87 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

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.