Boston Trust Walden Corp Has $66.98 Million Holdings in IDEX Corporation $IEX

Boston Trust Walden Corp lifted its holdings in IDEX Corporation (NYSE:IEX) by 40.0% during the 2nd quarter, Holdings Channel reports. The fund owned 381,517 shares of the industrial products company’s stock after acquiring an additional 109,043 shares during the quarter. Boston Trust Walden Corp’s holdings in IDEX were worth $66,983,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IEX. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in IDEX by 257.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 143 shares of the industrial products company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. American National Bank & Trust acquired a new position in IDEX during the 2nd quarter worth $25,000. Steph & Co. acquired a new position in IDEX during the 2nd quarter worth $42,000. SVB Wealth LLC acquired a new position in IDEX during the 1st quarter worth $56,000. Finally, Federated Hermes Inc. lifted its holdings in IDEX by 42.9% during the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company’s stock worth $60,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on IEX. Citigroup upped their price objective on IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Stifel Nicolaus dropped their target price on shares of IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. DA Davidson set a $180.00 target price on shares of IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Oppenheimer set a $210.00 target price on shares of IDEX in a research report on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.43.

IDEX Price Performance

IEX opened at $160.99 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The company has a fifty day simple moving average of $163.17 and a 200 day simple moving average of $172.48. The stock has a market cap of $12.12 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.70 and a beta of 1.04.

IDEX (NYSE:IEX) last released its quarterly earnings data on Friday, December 16th. The industrial products company reported $1.79 EPS for the quarter. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business had revenue of $712.00 million during the quarter. On average, research analysts expect that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 10th. IDEX’s dividend payout ratio is 45.88%.

IDEX declared that its board has initiated a share buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions 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, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.