Jump Financial LLC Buys New Shares in IDEX Co. (NYSE:IEX)

Jump Financial LLC acquired a new position in IDEX Co. (NYSE:IEXFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,730 shares of the industrial products company’s stock, valued at approximately $2,981,000.

A number of other hedge funds also recently made changes to their positions in IEX. Commonwealth Equity Services LLC grew its holdings in IDEX by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,289 shares of the industrial products company’s stock worth $892,000 after acquiring an additional 53 shares in the last quarter. Mackenzie Financial Corp increased its holdings in IDEX by 4.5% in the third quarter. Mackenzie Financial Corp now owns 6,667 shares of the industrial products company’s stock valued at $1,380,000 after buying an additional 290 shares during the last quarter. Advisor Partners II LLC raised its stake in IDEX by 2.8% during the third quarter. Advisor Partners II LLC now owns 3,611 shares of the industrial products company’s stock valued at $751,000 after buying an additional 97 shares in the last quarter. Park Avenue Securities LLC bought a new position in IDEX during the 3rd quarter worth approximately $730,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of IDEX by 21.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,126 shares of the industrial products company’s stock valued at $1,482,000 after acquiring an additional 1,251 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX traded down $0.58 during mid-day trading on Monday, hitting $225.58. The company’s stock had a trading volume of 94,325 shares, compared to its average volume of 385,034. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.26 and a beta of 0.99. The firm has a 50-day moving average price of $233.84 and a 200 day moving average price of $218.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.45.

IDEX (NYSE:IEXGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.52 million. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, research analysts predict that IDEX Co. will post 8.33 EPS for the current fiscal year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.22%. This is a boost from IDEX’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, May 16th. IDEX’s dividend payout ratio (DPR) is presently 33.68%.

Analyst Ratings Changes

Several research firms have weighed in on IEX. Robert W. Baird lowered their target price on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $255.00 target price on shares of IDEX in a report on Thursday, March 21st. Citigroup increased their price target on IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. StockNews.com downgraded IDEX from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Oppenheimer raised their target price on IDEX from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.71.

Check Out Our Latest Stock Analysis on IEX

IDEX Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Co. (NYSE:IEXFree Report).

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.