Russell Investments Group Ltd. reduced its holdings in shares of IDEX Co. (NYSE:IEX) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,174 shares of the industrial products company’s stock after selling 9,580 shares during the period. Russell Investments Group Ltd.’s holdings in IDEX were worth $6,369,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ grew its stake in shares of IDEX by 11.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 20,394 shares of the industrial products company’s stock valued at $3,511,000 after buying an additional 2,089 shares during the period. SRS Capital Advisors Inc. acquired a new stake in shares of IDEX in the 2nd quarter valued at about $44,000. Allianz Asset Management GmbH grew its stake in shares of IDEX by 0.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 363,717 shares of the industrial products company’s stock valued at $62,610,000 after buying an additional 3,262 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of IDEX by 11.4% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,324 shares of the industrial products company’s stock valued at $1,777,000 after buying an additional 1,055 shares during the period. Finally, Commerce Bank grew its stake in shares of IDEX by 14.2% in the 2nd quarter. Commerce Bank now owns 8,729 shares of the industrial products company’s stock valued at $1,503,000 after buying an additional 1,084 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Shares of IDEX stock traded up $2.12 during mid-day trading on Friday, hitting $171.63. 2,940 shares of the stock were exchanged, compared to its average volume of 405,773. IDEX Co. has a 12 month low of $117.72 and a 12 month high of $173.84. The company has a 50-day simple moving average of $164.32 and a 200 day simple moving average of $158.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 3.36. The company has a market capitalization of $12.61 billion, a P/E ratio of 31.71, a P/E/G ratio of 3.80 and a beta of 1.25.

IDEX (NYSE:IEX) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. IDEX had a net margin of 17.11% and a return on equity of 21.20%. The firm had revenue of $642.10 million for the quarter, compared to analysts’ expectations of $655.87 million. During the same quarter last year, the firm earned $1.40 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts predict that IDEX Co. will post 5.83 EPS for the current year.

Several brokerages have recently commented on IEX. Wells Fargo & Co raised their target price on IDEX from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Zacks Investment Research downgraded IDEX from a “buy” rating to a “hold” rating and set a $181.00 target price for the company. in a research note on Monday, July 1st. Finally, Stifel Nicolaus lifted their price target on IDEX from $157.00 to $162.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. IDEX has an average rating of “Hold” and a consensus target price of $162.38.

In other IDEX news, Chairman Andrew K. Silvernail sold 85,785 shares of IDEX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $167.75, for a total transaction of $14,390,433.75. Following the transaction, the chairman now owns 258,604 shares of the company’s stock, valued at approximately $43,380,821. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Eric D. Ashleman sold 5,608 shares of IDEX stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $170.02, for a total transaction of $953,472.16. Following the transaction, the chief operating officer now directly owns 25,375 shares in the company, valued at approximately $4,314,257.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,229 shares of company stock worth $25,975,905. Insiders own 1.20% of the company’s stock.

About IDEX

IDEX Corporation, through its subsidiaries, operates as an applied solutions company worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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