2,606 Shares in IDEX Corporation $IEX Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in IDEX Corporation (NYSE:IEX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,606 shares of the industrial products company’s stock, valued at approximately $594,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of IDEX in the second quarter valued at approximately $1,301,393,000. Primecap Management Co. CA acquired a new stake in IDEX in the second quarter valued at about $748,951,000. Bank of America Corp DE increased its position in IDEX by 215.0% during the 1st quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock worth $207,387,000 after purchasing an additional 746,732 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of IDEX by 101.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company’s stock worth $236,641,000 after buying an additional 525,048 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in IDEX during the second quarter worth $102,523,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

NYSE IEX opened at $239.93 on Thursday. The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $17.62 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The business’s 50-day moving average price is $230.52 and its 200 day moving average price is $217.53. IDEX Corporation has a twelve month low of $160.60 and a twelve month high of $243.80.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, October 28th. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.09. IDEX had a net margin of 14.65% and a return on equity of 16.18%. The firm had revenue of $951.70 million during the quarter, compared to the consensus estimate of $934.36 million. During the same period in the previous year, the firm earned $2.03 earnings per share. IDEX’s revenue was up 8.3% compared to the same quarter last year. On average, research analysts predict that IDEX Corporation will post 8.95 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 13th will be issued a $0.73 dividend. The ex-dividend date is Wednesday, January 13th. This represents a $2.92 annualized dividend and a yield of 1.2%. IDEX’s dividend payout ratio (DPR) is presently 40.56%.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of IDEX from $269.00 to $272.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Argus boosted their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. TD Cowen raised their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of IDEX in a research report on Wednesday, October 28th. Finally, DA Davidson set a $245.00 price target on shares of IDEX in a report on Thursday, October 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.64.

About IDEX

IDEX Corporation is a diversified manufacturer of engineered products and technologies used in industrial, life sciences, fire and safety, and other specialized markets. Its offerings include pumps, valves, flow meters and dispensing equipment, as well as components and instruments used in fluidics, medical technology and scientific applications. The company also supplies fire and rescue equipment, including tools and water-handling products. IDEX serves customers around the world through its operating businesses, which sell products for applications ranging from manufacturing and energy to healthcare and emergency response.