9,366 Shares in IDEX Corporation (IEX) Purchased by Delta Lloyd Asset Management N.V.
Delta Lloyd Asset Management N.V. purchased a new stake in IDEX Corporation (NYSE:IEX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,366 shares of the industrial products company’s stock, valued at approximately $1,058,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss National Bank raised its stake in IDEX Corporation by 120.7% in the 2nd quarter. Swiss National Bank now owns 278,300 shares of the industrial products company’s stock valued at $31,451,000 after acquiring an additional 152,200 shares during the period. Principal Financial Group Inc. raised its stake in IDEX Corporation by 59.5% in the 2nd quarter. Principal Financial Group Inc. now owns 904,398 shares of the industrial products company’s stock valued at $102,206,000 after acquiring an additional 337,382 shares during the period. IndexIQ Advisors LLC raised its stake in IDEX Corporation by 89.5% in the 2nd quarter. IndexIQ Advisors LLC now owns 7,320 shares of the industrial products company’s stock valued at $827,000 after acquiring an additional 3,458 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in IDEX Corporation in the 2nd quarter valued at $17,392,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in IDEX Corporation in the 2nd quarter valued at $2,912,000. Institutional investors and hedge funds own 99.13% of the company’s stock.
In related news, SVP Jeffrey D. Bucklew sold 4,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $116.79, for a total transaction of $467,160.00. Following the sale, the senior vice president now directly owns 6,726 shares in the company, valued at approximately $785,529.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Andrew K. Silvernail sold 50,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total value of $5,750,000.00. Following the sale, the chairman now owns 142,114 shares in the company, valued at $16,343,110. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,000 shares of company stock worth $6,909,200. 1.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on IEX shares. Zacks Investment Research cut IDEX Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of IDEX Corporation in a research note on Wednesday, May 24th. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of IDEX Corporation in a research note on Sunday. BMO Capital Markets restated a “hold” rating and issued a $110.00 price target on shares of IDEX Corporation in a research note on Friday, July 28th. Finally, Seaport Global Securities restated a “neutral” rating on shares of IDEX Corporation in a research note on Wednesday, June 21st. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $107.25.
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IDEX Corporation (IEX) opened at 117.24 on Thursday. The firm’s 50-day moving average price is $115.23 and its 200 day moving average price is $105.76. IDEX Corporation has a 52-week low of $82.05 and a 52-week high of $118.76. The company has a market cap of $8.96 billion, a PE ratio of 31.42 and a beta of 1.19.
IDEX Corporation (NYSE:IEX) last released its quarterly earnings data 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. IDEX Corporation had a return on equity of 19.01% and a net margin of 13.12%. The company had revenue of $573.40 million for the quarter, compared to analyst estimates of $568.43 million. During the same period in the previous year, the company posted $0.99 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts predict that IDEX Corporation will post $4.23 EPS for the current fiscal year.
IDEX Corporation 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).
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