IDEX Co. (IEX) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in IDEX Co. (NYSE:IEX) by 479.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,361 shares of the industrial products company’s stock after purchasing an additional 54,075 shares during the period. Assenagon Asset Management S.A.’s holdings in IDEX were worth $9,847,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. SRS Capital Advisors Inc. boosted its position in IDEX by 83.0% in the second quarter. SRS Capital Advisors Inc. now owns 745 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 338 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in IDEX by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 108,678 shares of the industrial products company’s stock worth $14,832,000 after purchasing an additional 340 shares during the last quarter. US Bancorp DE boosted its position in IDEX by 17.3% in the second quarter. US Bancorp DE now owns 2,670 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 393 shares during the last quarter. State Treasurer State of Michigan boosted its position in IDEX by 1.4% in the second quarter. State Treasurer State of Michigan now owns 28,300 shares of the industrial products company’s stock worth $3,862,000 after purchasing an additional 400 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in IDEX by 1.0% in the second quarter. MetLife Investment Advisors LLC now owns 48,217 shares of the industrial products company’s stock worth $6,581,000 after purchasing an additional 455 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of IEX opened at $126.82 on Thursday. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.41 and a current ratio of 3.21. IDEX Co. has a 1 year low of $123.47 and a 1 year high of $157.84.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $613.94 million. IDEX had a return on equity of 20.40% and a net margin of 16.54%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. Research analysts anticipate that IDEX Co. will post 5.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, October 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.36%. IDEX’s payout ratio is presently 39.91%.

In related news, VP Michael J. Yates sold 5,804 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $154.13, for a total transaction of $894,570.52. Following the sale, the vice president now directly owns 32,376 shares in the company, valued at approximately $4,990,112.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michael J. Yates sold 3,143 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $153.00, for a total value of $480,879.00. Following the sale, the vice president now owns 29,715 shares in the company, valued at $4,546,395. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,316 shares of company stock worth $2,350,746. Corporate insiders own 1.20% of the company’s stock.

Several research analysts have weighed in on the company. Wells Fargo & Co reissued a “buy” rating and issued a $170.00 price objective (up previously from $165.00) on shares of IDEX in a research report on Wednesday, July 25th. Cowen reissued a “hold” rating and issued a $130.00 price objective on shares of IDEX in a research report on Tuesday, July 24th. BMO Capital Markets reissued a “hold” rating and issued a $150.00 price objective on shares of IDEX in a research report on Thursday, July 26th. Zacks Investment Research raised IDEX from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Monday, August 20th. Finally, Oppenheimer restated a “hold” rating on shares of IDEX in a research note on Wednesday, July 25th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $145.55.

IDEX Company Profile

IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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