IDEX Co. (NYSE:IEX) Holdings Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in IDEX Co. (NYSE:IEX) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,025 shares of the industrial products company’s stock after purchasing an additional 2,138 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in IDEX were worth $2,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in IDEX by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after acquiring an additional 4,465 shares in the last quarter. Cerity Partners LLC lifted its position in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 6,720 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock worth $53,720,000 after purchasing an additional 16,504 shares during the period. Covea Finance grew its position in IDEX by 70.6% during the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after purchasing an additional 6,000 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC increased its stake in IDEX by 17.3% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 27,805 shares of the industrial products company’s stock valued at $5,964,000 after buying an additional 4,096 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 1.8 %

Shares of IDEX stock opened at $195.65 on Monday. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The stock has a market capitalization of $14.81 billion, a P/E ratio of 29.42, a PEG ratio of 1.98 and a beta of 0.97. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $216.28 and a two-hundred day moving average price of $212.00.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Equities analysts expect that IDEX Co. will post 8.37 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, January 17th. IDEX’s dividend payout ratio (DPR) is currently 41.50%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IEX. Robert W. Baird dropped their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada cut their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup reduced their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.00.

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.