Oregon Public Employees Retirement Fund boosted its stake in IDEX Corporation (NYSE:IEX) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,171 shares of the industrial products company’s stock after buying an additional 1,226 shares during the period. Oregon Public Employees Retirement Fund’s holdings in IDEX Corporation were worth $3,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Management Co. LLC increased its stake in IDEX Corporation by 1.3% in the first quarter. Global X Management Co. LLC now owns 2,869 shares of the industrial products company’s stock valued at $268,000 after buying an additional 36 shares during the period. US Bancorp DE increased its stake in IDEX Corporation by 1.4% in the first quarter. US Bancorp DE now owns 2,646 shares of the industrial products company’s stock valued at $247,000 after buying an additional 37 shares during the period. Creative Planning increased its stake in IDEX Corporation by 4.3% in the first quarter. Creative Planning now owns 1,422 shares of the industrial products company’s stock valued at $133,000 after buying an additional 59 shares during the period. GHP Investment Advisors Inc. increased its stake in IDEX Corporation by 1.0% in the first quarter. GHP Investment Advisors Inc. now owns 7,422 shares of the industrial products company’s stock valued at $694,000 after buying an additional 72 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in IDEX Corporation by 1.9% in the first quarter. Stratos Wealth Partners LTD. now owns 4,611 shares of the industrial products company’s stock valued at $431,000 after buying an additional 84 shares during the period. 98.67% of the stock is owned by institutional investors.

Shares of IDEX Corporation (NYSE:IEX) traded down 0.55% during midday trading on Friday, hitting $112.96. The stock had a trading volume of 177,616 shares. The firm has a 50 day moving average price of $114.59 and a 200 day moving average price of $103.43. The stock has a market cap of $8.63 billion, a PE ratio of 30.28 and a beta of 1.20. IDEX Corporation has a one year low of $82.05 and a one year high of $118.08.

IDEX Corporation (NYSE:IEX) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $573.40 million during the quarter, compared to analyst estimates of $568.43 million. IDEX Corporation had a return on equity of 19.01% and a net margin of 13.12%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, equities analysts forecast that IDEX Corporation will post $4.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, July 12th. IDEX Corporation’s payout ratio is currently 39.68%.

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Several research firms recently weighed in on IEX. BidaskClub downgraded IDEX Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and issued a $91.00 price objective on shares of IDEX Corporation in a report on Friday, August 4th. BMO Capital Markets restated a “hold” rating and issued a $110.00 price objective on shares of IDEX Corporation in a report on Friday, July 28th. Zacks Investment Research upgraded IDEX Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 target price (up from $109.00) on shares of IDEX Corporation in a report on Thursday, July 27th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. IDEX Corporation has an average rating of “Hold” and an average target price of $105.00.

In other IDEX Corporation news, Chairman Andrew K. Silvernail sold 50,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $115.00, for a total transaction of $5,750,000.00. Following the completion of the transaction, the chairman now directly owns 142,114 shares of the company’s stock, valued at approximately $16,343,110. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

About IDEX Corporation

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).

Institutional Ownership by Quarter for IDEX Corporation (NYSE:IEX)

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