Glenmede Trust Co. NA Maintains Stake in IDEX Corporation (IEX)

Glenmede Trust Co. NA held its stake in shares of IDEX Corporation (NYSE:IEX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,336 shares of the industrial products company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in IDEX Corporation were worth $1,560,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in IDEX Corporation by 129.5% in the first quarter. Asset Management One Co. Ltd. now owns 20,120 shares of the industrial products company’s stock valued at $1,871,000 after buying an additional 11,352 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in IDEX Corporation by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,070 shares of the industrial products company’s stock valued at $1,177,000 after buying an additional 1,160 shares during the last quarter. Swiss National Bank increased its stake in IDEX Corporation by 0.7% in the first quarter. Swiss National Bank now owns 126,100 shares of the industrial products company’s stock valued at $11,792,000 after buying an additional 900 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in IDEX Corporation by 2.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 34,128 shares of the industrial products company’s stock valued at $3,191,000 after buying an additional 957 shares during the last quarter. Finally, Creative Planning increased its stake in IDEX Corporation by 4.3% in the first quarter. Creative Planning now owns 1,422 shares of the industrial products company’s stock valued at $133,000 after buying an additional 59 shares during the last quarter. 98.70% of the stock is owned by institutional investors.

Shares of IDEX Corporation (NYSE IEX) traded up 0.93% during midday trading on Friday, reaching $116.61. The company’s stock had a trading volume of 326,885 shares. The company has a 50-day moving average price of $113.12 and a 200-day moving average price of $100.75. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 32.12 and a beta of 1.19. IDEX Corporation has a 12 month low of $82.05 and a 12 month high of $118.08.

IDEX Corporation (NYSE:IEX) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The firm had revenue of $573.40 million for the quarter, compared to analyst estimates of $568.43 million. IDEX Corporation had a return on equity of 19.01% and a net margin of 13.12%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Equities analysts expect that IDEX Corporation will post $4.20 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, July 12th. IDEX Corporation’s dividend payout ratio (DPR) is 39.68%.

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IEX has been the topic of several recent analyst reports. Zacks Investment Research upgraded IDEX Corporation from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Wednesday, May 10th. Robert W. Baird reiterated a “buy” rating and issued a $104.00 target price on shares of IDEX Corporation in a report on Friday, April 21st. BidaskClub downgraded IDEX Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of IDEX Corporation in a report on Wednesday, May 24th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $104.00 target price on shares of IDEX Corporation in a report on Wednesday, May 24th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. IDEX Corporation has an average rating of “Hold” and a consensus price target of $102.75.

In other IDEX Corporation news, Chairman Andrew K. Silvernail sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $115.00, for a total transaction of $5,750,000.00. Following the transaction, the chairman now owns 142,114 shares of the company’s stock, valued at approximately $16,343,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

IDEX Corporation Company Profile

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).

Institutional Ownership by Quarter for IDEX Corporation (NYSE:IEX)

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