Van ECK Associates Corp Raises Stock Holdings in IDEX Co. (NYSE:IEX)

Van ECK Associates Corp boosted its holdings in shares of IDEX Co. (NYSE:IEX) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,023 shares of the industrial products company’s stock after purchasing an additional 654 shares during the quarter. Van ECK Associates Corp’s holdings in IDEX were worth $1,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Impax Asset Management Group plc boosted its position in IDEX by 7.6% during the second quarter. Impax Asset Management Group plc now owns 2,969,020 shares of the industrial products company’s stock worth $653,333,000 after purchasing an additional 208,643 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of IDEX by 728.2% during the first quarter. Brown Advisory Inc. now owns 2,073,506 shares of the industrial products company’s stock valued at $434,026,000 after acquiring an additional 1,823,137 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of IDEX by 16.9% during the second quarter. Alliancebernstein L.P. now owns 1,481,842 shares of the industrial products company’s stock valued at $326,079,000 after acquiring an additional 213,946 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of IDEX by 1.7% during the first quarter. Geode Capital Management LLC now owns 1,377,191 shares of the industrial products company’s stock valued at $287,546,000 after acquiring an additional 23,448 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of IDEX by 0.5% during the first quarter. JPMorgan Chase & Co. now owns 1,312,880 shares of the industrial products company’s stock valued at $274,811,000 after acquiring an additional 6,084 shares during the last quarter. Institutional investors own 97.68% of the company’s stock.

Shares of IDEX stock opened at $213.41 on Wednesday. The business has a 50 day simple moving average of $223.13 and a two-hundred day simple moving average of $219.28. IDEX Co. has a 12 month low of $166.51 and a 12 month high of $235.76. The stock has a market capitalization of $16.22 billion, a P/E ratio of 38.73, a PEG ratio of 2.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.32 and a quick ratio of 2.52.

IDEX (NYSE:IEX) last announced its earnings results on Monday, July 26th. The industrial products company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.01). IDEX had a net margin of 16.57% and a return on equity of 17.58%. The firm had revenue of $685.95 million for the quarter, compared to analyst estimates of $687.34 million. During the same period in the previous year, the company earned $1.10 EPS. IDEX’s revenue was up 22.2% compared to the same quarter last year. As a group, research analysts anticipate that IDEX Co. will post 6.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Friday, October 15th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.01%. IDEX’s dividend payout ratio is presently 41.62%.

IDEX Company Profile

IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment involves in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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