7,059 Shares in IDEX Co. (NYSE:IEX) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in IDEX Co. (NYSE:IEX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,059 shares of the industrial products company’s stock, valued at approximately $1,514,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC boosted its holdings in shares of IDEX by 4.9% in the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 45 shares in the last quarter. UMB Bank n.a. increased its stake in shares of IDEX by 31.0% in the 2nd quarter. UMB Bank n.a. now owns 241 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 57 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in IDEX by 19.9% in the second quarter. EverSource Wealth Advisors LLC now owns 344 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 57 shares during the period. Whittier Trust Co. lifted its holdings in IDEX by 38.4% during the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 58 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 59 shares during the period. Institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

IEX has been the topic of several research reports. Citigroup boosted their target price on IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Robert W. Baird lowered their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus lifted their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.14.

IDEX Price Performance

Shares of NYSE:IEX opened at $223.00 on Friday. The firm has a market capitalization of $16.89 billion, a PE ratio of 34.52, a P/E/G ratio of 2.41 and a beta of 0.96. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $220.89 and a two-hundred day moving average price of $208.87.

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

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.24%. IDEX’s payout ratio is presently 42.72%.

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.