Pathstone Holdings LLC Has $1.84 Million Holdings in IDEX Co. (NYSE:IEX)

Pathstone Holdings LLC lessened its stake in shares of IDEX Co. (NYSE:IEX) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,577 shares of the industrial products company’s stock after selling 332 shares during the quarter. Pathstone Holdings LLC’s holdings in IDEX were worth $1,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC lifted its position in shares of IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after buying an additional 59 shares during the period. Assetmark Inc. bought a new position in shares of IDEX during the 3rd quarter worth approximately $39,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of IDEX by 100.0% during 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 during the period. EdgeRock Capital LLC bought a new position in shares of IDEX during the 2nd quarter worth approximately $41,000. Finally, Whittier Trust Co. lifted its position in shares of IDEX by 38.4% during the 2nd quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $42,000 after buying an additional 58 shares during the period. Institutional investors own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IEX shares. Oppenheimer cut their price objective on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus lifted their price objective on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Argus downgraded IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. DA Davidson cut their price objective on IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Finally, TD Cowen cut 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Stock Down 0.4 %

NYSE IEX opened at $231.10 on Thursday. The stock has a fifty day moving average of $216.30 and a 200-day moving average of $207.90. The stock has a market capitalization of $17.50 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. During the same period in the previous year, the firm earned $2.12 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that IDEX Co. will post 7.88 EPS for the current year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.19%. IDEX’s dividend payout ratio (DPR) is 42.72%.

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.