IDEX Co. (NYSE:IEX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of IDEX Co. (NYSE:IEX) by 65.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 53,193 shares of the industrial products company’s stock after selling 99,408 shares during the period. Assenagon Asset Management S.A.’s holdings in IDEX were worth $10,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of IDEX in the fourth quarter worth $237,425,000. Price T Rowe Associates Inc. MD increased its stake in IDEX by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock valued at $1,943,609,000 after buying an additional 555,250 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of IDEX by 4,080.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 313,725 shares of the industrial products company’s stock worth $68,113,000 after buying an additional 306,221 shares in the last quarter. Maren Capital LLC acquired a new stake in shares of IDEX in the 4th quarter worth approximately $49,789,000. Finally, Nordea Investment Management AB boosted its holdings in shares of IDEX by 151.9% in the first quarter. Nordea Investment Management AB now owns 342,170 shares of the industrial products company’s stock valued at $83,767,000 after acquiring an additional 206,345 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Oppenheimer dropped their target price on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. StockNews.com cut IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Argus lowered IDEX from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird cut their price target on shares of IDEX from $256.00 to $241.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson lowered their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.33.

IDEX Trading Up 0.7 %

Shares of IDEX stock traded up $1.34 during trading on Friday, hitting $196.58. The stock had a trading volume of 796,502 shares, compared to its average volume of 439,777. The company has a quick ratio of 2.45, a current ratio of 3.41 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $14.88 billion, a PE ratio of 25.87, a P/E/G ratio of 2.08 and a beta of 0.95. IDEX Co. has a 1 year low of $183.76 and a 1 year high of $246.36. The stock has a 50 day simple moving average of $200.13 and a 200 day simple moving average of $218.31.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. The company had revenue of $807.20 million for the quarter, compared to the consensus estimate of $828.15 million. IDEX had a net margin of 18.19% and a return on equity of 16.87%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. On average, research analysts expect that IDEX Co. will post 7.85 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a dividend of $0.69 per share. The ex-dividend date was Friday, July 12th. This represents a $2.76 dividend on an annualized basis and a yield of 1.40%. IDEX’s payout ratio is presently 36.32%.

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.