Several other institutional financiers and hedge funds have actually likewise customized their holdings of IEX. CCLA Investment Management purchased a brand-new stake in IDEX in the 3rd quarter valued at $70,397,000. Vanguard Group Inc. improved its stake in shares of IDEX by 2.8% throughout the 3rd quarter. Vanguard Group Inc. now owns 9,188,089 shares of the commercial items business’s stock worth $1,836,240,000 after buying an extra 252,058 shares throughout the duration. Robeco Institutional Asset Management B.V. improved its stake in shares of IDEX by 976.4% throughout the fourth quarter. Robeco Institutional Asset Management B.V. now owns 227,140 shares of the commercial items business’s stock worth $51,863,000 after buying an extra 206,038 shares throughout the duration. Pictet Asset Management SA improved its position in IDEX by 13.7% in the 3rd quarter. Pictet Asset Management SA now owns 1,602,662 shares of the commercial items business’s stock valued at $320,292,000 after purchasing an extra 192,917 shares throughout the duration. Finally, Fisher Asset Management LLC acquired a brand-new stake in IDEX in the 3rd quarter valued at about $25,877,000. Hedge funds and other institutional financiers own 96.58% of the business’s stock.
IDEX Stock Performance
IDEX stock traded up $7.15 throughout mid-day trading on Friday, reaching $208.47. The business’s stock had a trading volume of 166,187 shares, compared to its typical volume of 408,734. The business has a 50 day moving typical rate of $212.83 and a 200-day moving typical rate of $223.79. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.95 and a beta of 1.00. IDEX Co. has a twelve month low of $172.18 and a twelve month high of $246.23. The business has an existing ratio of 3.10, a fast ratio of 2.09 and a debt-to-equity ratio of 0.46.
IDEX (NYSE:IEX – Get Rating) last revealed its quarterly incomes outcomes on Wednesday, April 26th. The commercial items business reported $2.09 EPS for the quarter, beating the agreement price quote of $2.02 by $0.07. IDEX had a return on equity of 21.14% and a net margin of 17.91%. The business had income of $845.40 million throughout the quarter, compared to experts’ expectations of $818.87 million. During the exact same quarter in the previous year, the business published $1.96 EPS. The company’s quarterly income was up 12.6% compared to the exact same quarter in 2015. Sell-side experts forecast that IDEX Co. will publish 8.51 EPS for the present .
IDEX Increases Dividend
The business likewise just recently stated a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be offered a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.23%. This is an increase from IDEX’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, June 8th. IDEX’s dividend payment ratio is 31.09%.
Analyst Upgrades and Downgrades
Several equities research study experts have actually just recently discussed the stock. Robert W. Baird lowered their rate target on shares of IDEX from $255.00 to $230.00 in a report on Friday, April 28th. Oppenheimer increased their rate target on shares of IDEX from $245.00 to $247.00 and offered the stock an “outperform” ranking in a report on Thursday, February second. Stifel Nicolaus increased their rate target on shares of IDEX from $242.00 to $246.00 and offered the stock a “hold” ranking in a report on Monday, April 17th. Citigroup lowered their rate goal on shares of IDEX from $273.00 to $268.00 and set a “purchase” ranking for the business in a research study report on Thursday, February second. Finally, StockNews.com updated shares of IDEX from a “hold” ranking to a “purchase” ranking in a research study report on Friday, May 19th. Four experts have actually ranked the stock with a hold ranking and 6 have actually offered a buy ranking to the stock. Based on information from MarketBeat, IDEX has an agreement ranking of “Moderate Buy” and an agreement rate target of $236.17.
IDEX Profile
(Get Rating)
IDEX Corp. participates in the arrangement of engineering options. It runs through the following sectors: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies section is associated with the style, production, and circulation of displacement pumps, valves, circulation meters, injectors, and fluid-handling pump modules and systems.
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