Hantz Financial Services Inc. Sells 49 Shares of IDEX Co. (NYSE:IEX)

Hantz Financial Services Inc. reduced its holdings in IDEX Co. (NYSE:IEX) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 485 shares of the industrial products company’s stock after selling 49 shares during the quarter. Hantz Financial Services Inc.’s holdings in IDEX were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in IDEX by 1.2% in the second quarter. AQR Capital Management LLC now owns 25,227 shares of the industrial products company’s stock worth $5,076,000 after acquiring an additional 288 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of IDEX by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 45,557 shares of the industrial products company’s stock valued at $9,166,000 after purchasing an additional 518 shares in the last quarter. Creative Planning increased its position in shares of IDEX by 8.2% during the 2nd quarter. Creative Planning now owns 5,347 shares of the industrial products company’s stock valued at $1,076,000 after purchasing an additional 407 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in IDEX by 106.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 452 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 233 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in IDEX in the second quarter valued at approximately $862,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Up 0.0 %

Shares of IEX opened at $224.19 on Friday. The firm has a market capitalization of $16.98 billion, a P/E ratio of 34.70, a P/E/G ratio of 2.15 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. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The firm has a fifty day moving average price of $218.90 and a 200-day moving average price of $211.89.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, January 17th. IDEX’s dividend payout ratio (DPR) is 42.72%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup dropped their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada increased their target price on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird dropped their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. 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 an average rating of “Moderate Buy” and an average price target 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.