Creative Planning lifted its holdings in IDEX Co. (NYSE:IEX) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,395 shares of the industrial products company’s stock after purchasing an additional 898 shares during the period. Creative Planning’s holdings in IDEX were worth $681,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new position in IDEX in the 4th quarter worth $25,000. Meeder Asset Management Inc. bought a new position in IDEX in the 4th quarter worth $53,000. First Hawaiian Bank bought a new position in IDEX in the 3rd quarter worth $120,000. Belpointe Asset Management LLC bought a new position in IDEX in the 3rd quarter worth $131,000. Finally, Sterling Investment Advisors Ltd. bought a new position in shares of IDEX during the 3rd quarter worth about $151,000. 94.40% of the stock is owned by institutional investors and hedge funds.
NYSE:IEX opened at $141.97 on Thursday. The company has a current ratio of 3.00, a quick ratio of 2.23 and a debt-to-equity ratio of 0.43. IDEX Co. has a 52-week low of $117.72 and a 52-week high of $157.84. The stock has a market cap of $10.77 billion, a PE ratio of 26.24, a P/E/G ratio of 2.38 and a beta of 1.27.
IDEX (NYSE:IEX) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. IDEX had a net margin of 16.53% and a return on equity of 20.83%. The business had revenue of $614.09 million for the quarter, compared to analyst estimates of $617.72 million. During the same period in the previous year, the business earned $1.12 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, research analysts expect that IDEX Co. will post 5.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Tuesday, January 15th were given a dividend of $0.43 per share. The ex-dividend date was Monday, January 14th. This represents a $1.72 annualized dividend and a dividend yield of 1.21%. IDEX’s dividend payout ratio (DPR) is currently 31.79%.
Several research analysts have recently issued reports on IEX shares. Zacks Investment Research upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Friday, November 16th. Royal Bank of Canada upgraded shares of IDEX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $141.00 to $146.00 in a report on Thursday, January 3rd. Finally, Janney Montgomery Scott upgraded shares of IDEX from a “neutral” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Thursday, October 25th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $145.70.
IDEX Corporation, through its subsidiaries, operates as an applied solutions company 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, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
Featured Story: Why is the ex-dividend date different from the record date?
Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.