IDEX Co. (NYSE:IEX) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its position in shares of IDEX Co. (NYSE:IEX) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 232,014 shares of the industrial products company’s stock after buying an additional 8,550 shares during the quarter. Boston Trust Walden Corp owned approximately 0.31% of IDEX worth $48,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Catalyst Capital Advisors LLC raised its holdings in shares of IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 59 shares during the last quarter. Assetmark Inc. purchased a new position in IDEX in the 3rd quarter valued at about $39,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of IDEX by 100.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 100 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of IDEX during the third quarter worth about $86,000. Finally, Fred Alger Management LLC acquired a new position in shares of IDEX in the third quarter valued at approximately $89,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Performance

Shares of NYSE:IEX opened at $219.12 on Tuesday. The business has a 50-day moving average of $218.56 and a two-hundred day moving average of $211.99. The firm has a market capitalization of $16.59 billion, a PE ratio of 33.92, a P/E/G ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.69 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.26%. IDEX’s payout ratio is 42.72%.

Analyst Ratings Changes

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

IDEX Company Profile

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.