1,186 Shares in IDEX Corporation (IEX) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new stake in IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,186 shares of the industrial products company’s stock, valued at approximately $134,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its stake in IDEX Corporation by 7,037.4% in the first quarter. BlackRock Inc. now owns 6,425,051 shares of the industrial products company’s stock valued at $600,808,000 after buying an additional 6,335,032 shares during the last quarter. Clearbridge Investments LLC lifted its stake in IDEX Corporation by 52.8% in the first quarter. Clearbridge Investments LLC now owns 1,326,704 shares of the industrial products company’s stock valued at $124,060,000 after buying an additional 458,726 shares during the last quarter. Vanguard Group Inc. lifted its stake in IDEX Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 6,246,396 shares of the industrial products company’s stock valued at $584,099,000 after buying an additional 327,970 shares during the last quarter. Prudential Financial Inc. lifted its stake in IDEX Corporation by 468.9% in the second quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock valued at $41,605,000 after buying an additional 303,440 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in IDEX Corporation in the second quarter valued at approximately $24,072,000. 99.13% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on IEX. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX Corporation in a research note on Wednesday, June 21st. Zacks Investment Research upgraded IDEX Corporation from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Tuesday, May 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price objective on shares of IDEX Corporation in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price objective on shares of IDEX Corporation in a research note on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of IDEX Corporation in a research note on Wednesday, May 24th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $107.25.

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In related news, SVP Daniel J. Salliotte sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $115.34, for a total transaction of $692,040.00. Following the completion of the transaction, the senior vice president now owns 33,762 shares in the company, valued at approximately $3,894,109.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $116.79, for a total value of $467,160.00. Following the transaction, the senior vice president now owns 6,726 shares of the company’s stock, valued at approximately $785,529.54. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $6,909,200 in the last 90 days. Insiders own 1.00% of the company’s stock.

Shares of IDEX Corporation (IEX) opened at 120.70 on Tuesday. The stock’s 50 day moving average price is $115.56 and its 200 day moving average price is $106.23. The stock has a market cap of $9.22 billion, a PE ratio of 32.35 and a beta of 1.19. IDEX Corporation has a 1-year low of $82.05 and a 1-year high of $121.78.

IDEX Corporation (NYSE:IEX) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. IDEX Corporation had a return on equity of 19.01% and a net margin of 13.12%. The business had revenue of $573.40 million during the quarter, compared to analyst estimates of $568.43 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that IDEX Corporation will post $4.23 EPS for the current fiscal year.

IDEX Corporation Profile

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).

Institutional Ownership by Quarter for IDEX Corporation (NYSE:IEX)

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