Deutsche Bank AG Grows Holdings in IDEX Co. (NYSE:IEX)

Deutsche Bank AG increased its stake in shares of IDEX Co. (NYSE:IEX) by 20.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 463,351 shares of the industrial products company’s stock after purchasing an additional 77,257 shares during the period. Deutsche Bank AG owned approximately 0.61% of IDEX worth $96,975,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque de Luxembourg S.A. acquired a new stake in shares of IDEX during the fourth quarter worth about $27,000. Quarry LP acquired a new stake in IDEX during the 4th quarter worth approximately $49,000. Jones Financial Companies Lllp boosted its position in IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after buying an additional 106 shares during the period. Assetmark Inc. grew its stake in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 235 shares in the last quarter. Finally, Ancora Advisors LLC increased its position in shares of IDEX by 24,700.0% during the fourth quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 494 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

IEX has been the topic of a number of analyst reports. Citigroup reduced their price target on IDEX from $264.00 to $201.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. DA Davidson decreased their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research report on Friday, May 2nd. Mizuho set a $175.00 price objective on shares of IDEX in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus boosted their target price on shares of IDEX from $192.00 to $208.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.25.

IDEX Stock Performance

NYSE IEX opened at $183.40 on Monday. IDEX Co. has a twelve month low of $153.36 and a twelve month high of $238.22. The business’s 50-day moving average price is $176.39 and its 200 day moving average price is $201.21. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $13.85 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share. On average, research analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

IDEX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.71 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, May 19th. This represents a $2.84 annualized dividend and a dividend yield of 1.55%. IDEX’s dividend payout ratio is presently 43.74%.

IDEX 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.