Northwest & Ethical Investments L.P. Has $23.36 Million Holdings in IDEX Co. (NYSE:IEX)

Northwest & Ethical Investments L.P. cut its position in IDEX Co. (NYSE:IEX) by 11.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,907 shares of the industrial products company’s stock after selling 14,736 shares during the period. Northwest & Ethical Investments L.P.’s holdings in IDEX were worth $23,361,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IEX. Catalyst Capital Advisors LLC raised its position in IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of IDEX during the 3rd quarter worth approximately $39,000. EdgeRock Capital LLC acquired a new position in IDEX in the second quarter valued at approximately $41,000. Whittier Trust Co. boosted its stake in IDEX by 38.4% in the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 58 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of IDEX by 100.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen decreased their target price on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their price objective on shares of IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird decreased their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.14.

IDEX Stock Performance

NYSE IEX traded down $0.92 during trading on Thursday, reaching $231.10. The company’s stock had a trading volume of 728,299 shares, compared to its average volume of 483,857. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36. The firm has a 50 day moving average price of $216.30 and a 200 day moving average price of $207.90. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $2.12 EPS. As a group, equities analysts anticipate that IDEX Co. will post 7.88 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a yield of 1.19%. IDEX’s dividend payout ratio is currently 42.72%.

About IDEX

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.