Crossmark Global Holdings Inc. Reduces Holdings in IDEX Co. (NYSE:IEX)

Crossmark Global Holdings Inc. lowered its stake in shares of IDEX Co. (NYSE:IEX) by 16.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,730 shares of the industrial products company’s stock after selling 1,154 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in IDEX were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its holdings in shares of IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. Assetmark Inc. bought a new stake in shares of IDEX in the 3rd quarter worth $39,000. EdgeRock Capital LLC bought a new position in shares of IDEX during the second quarter valued at $41,000. Whittier Trust Co. boosted its position in shares of IDEX by 38.4% during the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $42,000 after buying an additional 58 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock worth $43,000 after buying an additional 100 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Stock Up 1.3 %

NYSE:IEX opened at $231.00 on Thursday. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $210.90 and a 200-day simple moving average of $207.59.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company had revenue of $798.20 million for the quarter, compared to the consensus estimate of $793.05 million. During the same period last year, the business posted $2.12 EPS. IDEX’s quarterly revenue was up .6% on a year-over-year basis. Analysts anticipate that IDEX Co. will post 7.88 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.19%. IDEX’s payout ratio is 42.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on IEX. DA Davidson decreased their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Robert W. Baird decreased their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. TD Cowen reduced their price objective on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Oppenheimer dropped their target price on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.14.

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.