IDEX Co. (NYSE:IEX) Position Decreased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC decreased its position in IDEX Co. (NYSE:IEX) by 0.1% during the 4th quarter, Holdings Channel reports. The fund owned 244,159 shares of the industrial products company’s stock after selling 250 shares during the quarter. IDEX makes up 3.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 5th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in IDEX were worth $51,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Guinness Asset Management LTD lifted its holdings in IDEX by 4.0% during the 4th quarter. Guinness Asset Management LTD now owns 2,408 shares of the industrial products company’s stock worth $504,000 after buying an additional 93 shares during the last quarter. HB Wealth Management LLC lifted its stake in IDEX by 23.1% during the fourth quarter. HB Wealth Management LLC now owns 1,157 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 217 shares during the last quarter. Albert D Mason Inc. increased its stake in IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock valued at $948,000 after purchasing an additional 56 shares during the last quarter. Covea Finance raised its holdings in IDEX by 70.6% during the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock worth $3,035,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of IDEX by 27.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company’s stock worth $488,000 after buying an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.7 %

IDEX stock opened at $215.67 on Tuesday. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.03 and a beta of 0.97. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $220.04 and a two-hundred day moving average of $210.69. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. IDEX’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $2.12 EPS. As a group, research analysts expect that IDEX Co. will post 7.89 earnings per share for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.28%. IDEX’s payout ratio is currently 42.72%.

Analysts Set New Price Targets

Several brokerages recently commented on IEX. Citigroup cut their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Robert W. Baird reduced their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus upped their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price target on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $242.86.

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.