Atom Investors LP Has $10.34 Million Holdings in IDEX Co. (NYSE:IEX)

Atom Investors LP increased its position in IDEX Co. (NYSE:IEX) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,196 shares of the industrial products company’s stock after acquiring an additional 2,446 shares during the quarter. IDEX comprises about 1.1% of Atom Investors LP’s holdings, making the stock its 7th biggest holding. Atom Investors LP’s holdings in IDEX were worth $10,338,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IEX. Tidal Investments LLC raised its stake in IDEX by 8.8% in the first quarter. Tidal Investments LLC now owns 4,383 shares of the industrial products company’s stock valued at $1,070,000 after purchasing an additional 356 shares in the last quarter. Atria Investments Inc raised its stake in IDEX by 4.5% in the first quarter. Atria Investments Inc now owns 7,599 shares of the industrial products company’s stock valued at $1,854,000 after purchasing an additional 324 shares in the last quarter. Cetera Investment Advisers raised its stake in IDEX by 301.3% in the first quarter. Cetera Investment Advisers now owns 6,902 shares of the industrial products company’s stock valued at $1,684,000 after purchasing an additional 5,182 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of IDEX by 38.6% during the first quarter. EverSource Wealth Advisors LLC now owns 287 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 80 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in shares of IDEX by 2.2% during the second quarter. First Hawaiian Bank now owns 7,410 shares of the industrial products company’s stock worth $1,491,000 after acquiring an additional 162 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IEX has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. TD Cowen decreased their price target on shares of IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price target on shares of IDEX from $236.00 to $248.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Argus downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, DA Davidson decreased their price target 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.14.

IDEX Stock Down 0.2 %

Shares of NYSE IEX opened at $230.63 on Monday. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36. The firm’s fifty day moving average is $217.66 and its 200 day moving average is $208.15. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.44 and a beta of 0.96.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. The company had revenue of $798.20 million for the quarter, compared to the consensus estimate of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 earnings per share. On average, equities research analysts expect that IDEX Co. will post 7.89 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, January 17th. IDEX’s dividend payout ratio (DPR) 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.