Janus Henderson Group PLC cut its holdings in shares of IDEX Co. (NYSE:IEX) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 325,545 shares of the industrial products company’s stock after selling 18,720 shares during the period. Janus Henderson Group PLC owned 0.43% of IDEX worth $39,544,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in shares of IDEX by 8.8% in the 2nd quarter. BlackRock Inc. now owns 6,993,420 shares of the industrial products company’s stock valued at $790,326,000 after acquiring an additional 568,369 shares during the period. Vanguard Group Inc. increased its position in shares of IDEX by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,380,482 shares of the industrial products company’s stock valued at $721,058,000 after acquiring an additional 134,086 shares during the period. Capital World Investors increased its position in shares of IDEX by 0.4% in the 2nd quarter. Capital World Investors now owns 5,989,771 shares of the industrial products company’s stock valued at $676,904,000 after acquiring an additional 24,401 shares during the period. State Street Corp increased its position in shares of IDEX by 20.6% in the 2nd quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock valued at $270,781,000 after acquiring an additional 409,654 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of IDEX by 5.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,801,923 shares of the industrial products company’s stock valued at $203,635,000 after acquiring an additional 92,345 shares during the period. 96.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of IDEX Co. (IEX) opened at $132.13 on Wednesday. The firm has a market capitalization of $10,080.46, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.38 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.04 and a current ratio of 2.84. IDEX Co. has a 12-month low of $88.29 and a 12-month high of $135.70.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Monday, October 16th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $574.50 million for the quarter, compared to the consensus estimate of $563.23 million. IDEX had a return on equity of 19.07% and a net margin of 13.48%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. equities analysts anticipate that IDEX Co. will post 4.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Monday, January 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 11th. IDEX’s payout ratio is currently 37.95%.

Several equities analysts recently issued reports on IEX shares. Zacks Investment Research raised IDEX from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research report on Thursday, September 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price target on shares of IDEX in a research report on Sunday, September 3rd. Cowen reaffirmed a “hold” rating and set a $95.00 price target on shares of IDEX in a research report on Friday, October 6th. SunTrust Banks reaffirmed a “hold” rating and set a $118.00 price target on shares of IDEX in a research report on Tuesday, October 17th. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $129.00 price target on shares of IDEX in a research report on Wednesday, October 4th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $116.44.

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

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