Schwab Charles Investment Management Inc. grew its holdings in IDEX Co. (NYSE:IEX) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 296,108 shares of the industrial products company’s stock after acquiring an additional 10,763 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.39% of IDEX worth $40,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its holdings in IDEX by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 108,678 shares of the industrial products company’s stock worth $14,832,000 after acquiring an additional 340 shares in the last quarter. M&T Bank Corp boosted its holdings in IDEX by 1.8% in the first quarter. M&T Bank Corp now owns 21,879 shares of the industrial products company’s stock worth $3,118,000 after acquiring an additional 395 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in IDEX by 1.5% in the first quarter. State Treasurer State of Michigan now owns 27,900 shares of the industrial products company’s stock worth $3,976,000 after acquiring an additional 400 shares in the last quarter. Glen Harbor Capital Management LLC boosted its holdings in IDEX by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 12,308 shares of the industrial products company’s stock worth $1,754,000 after acquiring an additional 476 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in IDEX by 6.1% in the second quarter. Crossmark Global Holdings Inc. now owns 9,229 shares of the industrial products company’s stock worth $1,260,000 after acquiring an additional 530 shares in the last quarter. 95.64% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:IEX opened at $153.91 on Friday. IDEX Co. has a 52-week low of $114.40 and a 52-week high of $156.00. The stock has a market capitalization of $11.78 billion, a PE ratio of 31.42, a PEG ratio of 2.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.21 and a quick ratio of 2.39.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. IDEX had a return on equity of 19.71% and a net margin of 15.94%. The firm had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.10 million. During the same period last year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. equities analysts predict that IDEX Co. will post 5.32 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on IEX shares. Robert W. Baird restated a “buy” rating and issued a $143.00 price objective on shares of IDEX in a research note on Friday, July 20th. Wells Fargo & Co restated a “buy” rating and issued a $170.00 price objective (up from $165.00) on shares of IDEX in a research note on Wednesday, July 25th. Zacks Investment Research upgraded IDEX from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Thursday, May 17th. Stifel Nicolaus raised their price objective on IDEX from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Finally, BMO Capital Markets restated a “hold” rating and issued a $150.00 price objective on shares of IDEX in a research note on Thursday, July 26th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $148.10.

In related news, Chairman Andrew K. Silvernail sold 94,045 shares of IDEX stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $145.00, for a total transaction of $13,636,525.00. Following the completion of the transaction, the chairman now directly owns 149,451 shares in the company, valued at $21,670,395. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William K. Grogan sold 3,406 shares of IDEX stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $152.90, for a total value of $520,777.40. Following the transaction, the chief financial officer now owns 5,485 shares of the company’s stock, valued at $838,656.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,828 shares of company stock valued at $20,413,282. 1.20% of the stock is owned by company insiders.

IDEX Company Profile

IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

Recommended Story: Trading Strategy

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.