Curi RMB Capital LLC Boosts Stock Holdings in IDEX Co. (NYSE:IEX)

Curi RMB Capital LLC grew its position in IDEX Co. (NYSE:IEX) by 15.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,435 shares of the industrial products company’s stock after acquiring an additional 9,180 shares during the quarter. Curi RMB Capital LLC owned about 0.09% of IDEX worth $14,465,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in IDEX by 7.5% in 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 purchasing an additional 555,250 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of IDEX by 9,424.6% in the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock worth $211,473,000 after buying an additional 1,021,439 shares in the last quarter. Hsbc Holdings PLC boosted its position in IDEX by 75.6% during the second quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock worth $104,179,000 after acquiring an additional 223,422 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in IDEX by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,672 shares of the industrial products company’s stock valued at $94,698,000 after acquiring an additional 78,551 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in IDEX by 4.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company’s stock valued at $93,640,000 after acquiring an additional 20,175 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 1.3 %

Shares of NYSE:IEX opened at $231.00 on Thursday. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.41 and a beta of 0.96. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The business has a 50-day moving average price of $210.90 and a 200 day moving average price of $207.59. 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 announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. During the same period last year, the business earned $2.12 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts expect that IDEX Co. will post 7.88 EPS for the current year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.19%. IDEX’s dividend payout ratio is currently 42.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on IEX shares. Oppenheimer dropped their price target on IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Royal Bank of Canada upped their target price on IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price target on IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird lowered their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, DA Davidson cut their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $241.14.

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.