First Bank & Trust increased its position in IDEX Co. (NYSE:IEX) by 15.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,439 shares of the industrial products company’s stock after purchasing an additional 1,113 shares during the quarter. First Bank & Trust’s holdings in IDEX were worth $1,281,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in shares of IDEX during the 4th quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new stake in IDEX during the 4th quarter valued at $32,000. Essex Investment Management Co. LLC purchased a new stake in IDEX during the 4th quarter valued at $33,000. JOYN Advisors Inc. boosted its position in IDEX by 51.4% during the 4th quarter. JOYN Advisors Inc. now owns 265 shares of the industrial products company’s stock valued at $33,000 after buying an additional 90 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in IDEX during the 4th quarter valued at $35,000. 94.63% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of IDEX from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Janney Montgomery Scott cut shares of IDEX from a “buy” rating to a “neutral” rating in a research report on Friday, March 29th. Boenning Scattergood reissued a “hold” rating on shares of IDEX in a research report on Wednesday, January 30th. Finally, Royal Bank of Canada raised shares of IDEX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $141.00 to $146.00 in a research report on Thursday, January 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $146.33.
NYSE IEX traded down $0.67 during trading on Monday, hitting $156.60. The company had a trading volume of 3,234 shares, compared to its average volume of 281,794. The company has a current ratio of 3.00, a quick ratio of 2.23 and a debt-to-equity ratio of 0.43. IDEX Co. has a one year low of $117.72 and a one year high of $159.10. The firm has a market capitalization of $11.94 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.68 and a beta of 1.29.
IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04. IDEX had a net margin of 16.53% and a return on equity of 20.82%. The business had revenue of $614.09 million during the quarter, compared to analyst estimates of $617.72 million. During the same period in the prior year, the business earned $1.12 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts predict that IDEX Co. will post 5.73 earnings per share for the current year.
In related news, VP Michael J. Yates sold 11,397 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $144.72, for a total value of $1,649,373.84. Following the completion of the transaction, the vice president now directly owns 26,590 shares in the company, valued at approximately $3,848,104.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey D. Bucklew sold 2,255 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $143.02, for a total transaction of $322,510.10. Following the completion of the transaction, the senior vice president now owns 2,255 shares of the company’s stock, valued at $322,510.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
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IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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