1,030 Shares in IDEX Co. (NYSE:IEX) Acquired by WCM Investment Management LLC

WCM Investment Management LLC acquired a new stake in IDEX Co. (NYSE:IEX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,030 shares of the industrial products company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of IDEX by 108.4% in the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock worth $607,234,000 after buying an additional 1,472,456 shares in the last quarter. Van ECK Associates Corp raised its holdings in IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after acquiring an additional 1,021,439 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in IDEX by 28.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after purchasing an additional 273,460 shares in the last quarter. DF Dent & Co. Inc. acquired a new position in shares of IDEX during the 3rd quarter worth approximately $31,747,000. Finally, King Luther Capital Management Corp grew its position in shares of IDEX by 16.2% in the third quarter. King Luther Capital Management Corp now owns 742,724 shares of the industrial products company’s stock valued at $159,314,000 after purchasing an additional 103,432 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Trading Up 0.3 %

Shares of IEX stock opened at $196.45 on Tuesday. The stock has a market capitalization of $14.88 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. IDEX Co. has a fifty-two week low of $189.51 and a fifty-two week high of $246.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.11 and a current ratio of 2.53. The company has a 50 day moving average price of $215.57 and a 200 day moving average price of $211.95.

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

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, January 17th. IDEX’s dividend payout ratio is presently 41.50%.

Wall Street Analysts Forecast Growth

IEX has been the topic of several recent research reports. Stifel Nicolaus boosted their price target on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their target price on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Robert W. Baird cut their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Citigroup decreased their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.00.

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.