Duff & Phelps Funding Administration Co. lessened its place in shares of IDEX Co. (NYSE:IEX – Free Report) by 13.3% through the second quarter, in accordance with its most up-to-date submitting with the Securities and Trade Fee. The agency owned 86,620 shares of the economic merchandise firm’s inventory after promoting 13,296 shares through the interval. Duff & Phelps Funding Administration Co. owned roughly 0.11% of IDEX price $17,428,000 as of its most up-to-date submitting with the Securities and Trade Fee.
Different institutional buyers and hedge funds have additionally purchased and bought shares of the corporate. UBS Group AG raised its place in shares of IDEX by 177.3% within the fourth quarter. UBS Group AG now owns 57,255 shares of the economic merchandise firm’s inventory price $12,431,000 after shopping for a further 36,606 shares within the final quarter. TD Asset Administration Inc elevated its stake in IDEX by 3.9% within the 4th quarter. TD Asset Administration Inc now owns 144,916 shares of the economic merchandise firm’s inventory price $31,463,000 after buying a further 5,476 shares over the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of IDEX by 0.9% within the 4th quarter. Treasurer of the State of North Carolina now owns 35,567 shares of the economic merchandise firm’s inventory valued at $7,722,000 after buying a further 325 shares within the final quarter. TFO Wealth Companions LLC boosted its place in shares of IDEX by 76,500.0% through the 4th quarter. TFO Wealth Companions LLC now owns 766 shares of the economic merchandise firm’s inventory valued at $166,000 after buying a further 765 shares over the last quarter. Lastly, Evoke Wealth LLC bought a brand new place in shares of IDEX through the fourth quarter price about $609,000. 97.96% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Analyst Rankings Modifications
A lot of equities analysis analysts lately weighed in on IEX shares. Argus downgraded shares of IDEX from a “purchase” score to a “maintain” score in a analysis observe on Wednesday, August 14th. Royal Financial institution of Canada diminished their goal value on IDEX from $250.00 to $236.00 and set an “outperform” score on the inventory in a analysis observe on Friday, August 2nd. Oppenheimer dropped their value goal on IDEX from $245.00 to $238.00 and set an “outperform” score for the corporate in a analysis observe on Monday, August fifth. Stifel Nicolaus diminished their value goal on IDEX from $265.00 to $236.00 and set a “purchase” score on the inventory in a analysis report on Thursday, July 18th. Lastly, DA Davidson minimize their goal value on IDEX from $220.00 to $210.00 and set a “impartial” score for the corporate in a analysis observe on Monday, August fifth. 4 funding analysts have rated the inventory with a maintain score and 6 have issued a purchase score to the corporate. Primarily based on knowledge from MarketBeat.com, the corporate at the moment has a consensus score of “Reasonable Purchase” and a mean goal value of $233.50.
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IDEX Worth Efficiency
IEX opened at $214.98 on Friday. The corporate has a debt-to-equity ratio of 0.36, a present ratio of three.41 and a fast ratio of two.52. The inventory’s 50 day easy shifting common is $201.48 and its 200 day easy shifting common is $212.70. The agency has a market cap of $16.27 billion, a price-to-earnings ratio of 28.29, a PEG ratio of two.22 and a beta of 0.95. IDEX Co. has a 1 12 months low of $183.76 and a 1 12 months excessive of $246.36.
IDEX (NYSE:IEX – Get Free Report) final issued its earnings outcomes on Wednesday, July thirty first. The commercial merchandise firm reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.02. IDEX had a web margin of 18.19% and a return on fairness of 16.87%. The agency had income of $807.20 million for the quarter, in comparison with analysts’ expectations of $828.15 million. Throughout the identical quarter final 12 months, the enterprise earned $2.18 earnings per share. The enterprise’s income was down 4.6% on a year-over-year foundation. As a bunch, analysts predict that IDEX Co. will submit 7.88 earnings per share for the present 12 months.
IDEX Dividend Announcement
The corporate additionally lately introduced a quarterly dividend, which can be paid on Friday, October twenty fifth. Stockholders of report on Friday, October eleventh can be issued a dividend of $0.69 per share. The ex-dividend date is Friday, October eleventh. This represents a $2.76 dividend on an annualized foundation and a dividend yield of 1.28%. IDEX’s dividend payout ratio is at the moment 36.32%.
IDEX Profile
IDEX Company, along with its subsidiaries, supplies utilized options worldwide. The corporate operates by means of three segments: Fluid & Metering Applied sciences (FMT), Well being & Science Applied sciences (HST), and Fireplace & Security/Diversified Merchandise (FSDP). The FMT section designs, produces, and distributes constructive displacement pumps, valves, small quantity provers, circulate meters, injectors, and different fluid-handling pump modules and methods, in addition to circulate monitoring and different providers for the meals, chemical, common industrial, water and wastewater, agricultural, and vitality industries.
See Additionally
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