State of Wisconsin Investment Board boosted its position in IDEX Corporation (NYSE:IEX) by 325.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,640 shares of the industrial products company’s stock after buying an additional 49,450 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of IDEX Corporation worth $7,305,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Bank & Trust raised its position in IDEX Corporation by 0.5% in the second quarter. First Bank & Trust now owns 7,326 shares of the industrial products company’s stock worth $828,000 after buying an additional 34 shares during the last quarter. Global X Management Co. LLC raised its position 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 worth $268,000 after buying an additional 36 shares during the last quarter. US Bancorp DE raised its position 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 worth $247,000 after buying an additional 37 shares during the last quarter. Steinberg Global Asset Management raised its position in IDEX Corporation by 0.6% in the second quarter. Steinberg Global Asset Management now owns 8,597 shares of the industrial products company’s stock worth $972,000 after buying an additional 51 shares during the last quarter. Finally, Creative Planning raised its position in IDEX Corporation by 4.3% in the first quarter. Creative Planning now owns 1,422 shares of the industrial products company’s stock worth $133,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 99.13% of the company’s stock.

IDEX Corporation (NYSE:IEX) opened at 115.02 on Tuesday. IDEX Corporation has a 12-month low of $82.05 and a 12-month high of $118.08. The stock has a market cap of $8.79 billion, a P/E ratio of 30.83 and a beta of 1.20. The stock has a 50 day moving average of $114.67 and a 200 day moving average of $104.29.

IDEX Corporation (NYSE:IEX) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The business had revenue of $573.40 million for 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 business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. On average, equities research analysts anticipate that IDEX Corporation will post $4.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors 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 dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, July 12th. IDEX Corporation’s payout ratio is currently 39.68%.

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A number of research firms have weighed in on IEX. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX Corporation in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Tuesday, May 23rd. BMO Capital Markets reissued a “hold” rating and issued a $110.00 target price on shares of IDEX Corporation in a report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 target price on shares of IDEX Corporation in a report on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of IDEX Corporation in a report on Wednesday, May 24th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $104.75.

In related 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 sale, the chairman now owns 142,114 shares of the company’s stock, valued at $16,343,110. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

IDEX Corporation Company Profile

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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