OneAscent Financial Services LLC Has $390,000 Holdings in IDEX Co. (NYSE:IEX)
OneAscent Financial Services LLC grew its position in shares of IDEX Co. (NYSE:IEX) by 9.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,959 shares of the industrial products company’s stock after acquiring an additional 161 shares during the period. OneAscent Financial Services LLC’s holdings in IDEX were worth $390,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of IDEX by 0.4% in the 3rd quarter. State Street Corp now owns 3,163,231 shares of the industrial products company’s stock valued at $577,005,000 after acquiring an additional 12,771 shares in the last quarter. FMR LLC increased its position in shares of IDEX by 1.3% during the second quarter. FMR LLC now owns 1,583,633 shares of the industrial products company’s stock valued at $250,277,000 after purchasing an additional 20,122 shares during the period. JPMorgan Chase & Co. increased its position in shares of IDEX by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 1,465,360 shares of the industrial products company’s stock valued at $266,329,000 after purchasing an additional 52,493 shares during the period. Alps Advisors Inc. increased its position in shares of IDEX by 83,925.2% during the third quarter. Alps Advisors Inc. now owns 1,336,000 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 1,334,410 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in IDEX by 409.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 897,347 shares of the industrial products company’s stock valued at $163,685,000 after buying an additional 721,220 shares in the last quarter. Institutional investors and hedge funds own 86.78% of the company’s stock.
NYSE IEX opened at $202.92 on Thursday. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 3.74 and a beta of 1.08. IDEX Co. has a twelve month low of $104.56 and a twelve month high of $211.71. The business’s fifty day moving average is $196.85 and its 200 day moving average is $182.53. The company has a quick ratio of 2.97, a current ratio of 3.71 and a debt-to-equity ratio of 0.44.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, January 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, January 13th. IDEX’s dividend payout ratio is currently 34.48%.
In other IDEX news, CEO Andrew K. Silvernail sold 152,450 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $189.66, for a total transaction of $28,913,667.00. Following the sale, the chief executive officer now owns 50,693 shares of the company’s stock, valued at approximately $9,614,434.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew K. Silvernail sold 122,426 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $169.81, for a total transaction of $20,789,159.06. Following the sale, the chief executive officer now directly owns 271,524 shares in the company, valued at approximately $46,107,490.44. The disclosure for this sale can be found here. Insiders sold a total of 278,406 shares of company stock worth $50,376,244 in the last 90 days. Company insiders own 1.10% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research raised IDEX from a “sell” rating to a “hold” rating and set a $187.00 price objective on the stock in a research note on Friday, September 25th. Rosenblatt Securities upped their price objective on IDEX from $205.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. IDEX presently has an average rating of “Buy” and an average target price of $175.64.
IDEX Corporation, together with 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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