Ameriprise Financial Inc. increased its position in shares of IDEX Corp. (NYSE:IEX) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,547 shares of the company’s stock after buying an additional 945 shares during the period. Ameriprise Financial Inc. owned 0.27% of IDEX Corp. worth $17,040,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of IDEX Corp. during the fourth quarter worth about $54,892,000. Glenmede Trust Co. NA increased its position in IDEX Corp. by 5.5% in the first quarter. Glenmede Trust Co. NA now owns 8,016 shares of the company’s stock worth $664,000 after buying an additional 416 shares in the last quarter. Aperio Group LLC increased its position in IDEX Corp. by 8.7% in the first quarter. Aperio Group LLC now owns 26,765 shares of the company’s stock worth $2,218,000 after buying an additional 2,134 shares in the last quarter. Buffington Mohr McNeal increased its position in IDEX Corp. by 14.2% in the first quarter. Buffington Mohr McNeal now owns 11,849 shares of the company’s stock worth $982,000 after buying an additional 1,474 shares in the last quarter. Finally, Nisa Investment Advisors L.L.C. increased its position in IDEX Corp. by 24.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 51,730 shares of the company’s stock worth $4,287,000 after buying an additional 10,000 shares in the last quarter. 97.53% of the stock is owned by institutional investors.
IDEX Corp. (NYSE:IEX) traded up 2.04% on Thursday, hitting $93.87. 273,575 shares of the stock traded hands. The firm’s 50 day moving average is $92.47 and its 200 day moving average is $85.62. IDEX Corp. has a 52 week low of $67.20 and a 52 week high of $95.33. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 24.89 and a beta of 1.26.
IDEX Corp. (NYSE:IEX) last released its quarterly earnings results on Monday, July 18th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The company earned $549.70 million during the quarter. IDEX Corp. had a net margin of 14.16% and a return on equity of 19.49%. During the same quarter last year, the company earned $0.89 EPS. Equities analysts anticipate that IDEX Corp. will post $3.74 earnings per share for the current year.
A number of research analysts have recently weighed in on IEX shares. Zacks Investment Research downgraded shares of IDEX Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Janney Montgomery Scott started coverage on shares of IDEX Corp. in a report on Tuesday, June 21st. They set a “neutral” rating and a $87.00 price target on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of IDEX Corp. in a report on Monday, June 27th. Royal Bank Of Canada restated a “buy” rating on shares of IDEX Corp. in a report on Tuesday, July 12th. Finally, Jefferies Group restated a “hold” rating on shares of IDEX Corp. in a report on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.86.
In other news, Chairman Andrew K. Silvernail sold 6,575 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $91.34, for a total value of $600,560.50. Following the completion of the transaction, the chairman now owns 88,418 shares in the company, valued at $8,076,100.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory F. Milzcik sold 4,830 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $90.00, for a total transaction of $434,700.00. Following the completion of the transaction, the director now owns 5,375 shares of the company’s stock, valued at approximately $483,750. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
About IDEX Corp.
IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP).
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