Acrospire Investment Management LLC Purchases 1,000 Shares of IDEX Corporation (IEX)

Acrospire Investment Management LLC boosted its position in IDEX Corporation (NYSE:IEX) by 1,000.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,100 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the period. Acrospire Investment Management LLC’s holdings in IDEX Corporation were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IEX. US Bancorp DE boosted its holdings in IDEX Corporation by 1.4% in the first quarter. US Bancorp DE now owns 2,646 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 37 shares during the last quarter. Swiss National Bank boosted its holdings 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 acquiring an additional 900 shares during the last quarter. World Asset Management Inc boosted its holdings in IDEX Corporation by 14.4% in the first quarter. World Asset Management Inc now owns 5,611 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 708 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in IDEX Corporation by 5.7% in the first quarter. UBS Asset Management Americas Inc. now owns 81,522 shares of the industrial products company’s stock valued at $7,623,000 after acquiring an additional 4,432 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in IDEX Corporation by 7.7% in the first quarter. Meadow Creek Investment Management LLC now owns 4,704 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 336 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Several research firms recently issued reports on IEX. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX Corporation in a report on Wednesday, June 21st. Zacks Investment Research upgraded IDEX Corporation from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Tuesday, May 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price target on shares of IDEX Corporation in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price target on shares of IDEX Corporation in a report on Friday, May 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of IDEX Corporation in a report on Wednesday, May 24th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. IDEX Corporation presently has a consensus rating of “Hold” and a consensus target price of $108.25.

In other news, Chairman Andrew K. Silvernail sold 50,000 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $115.00, for a total value of $5,750,000.00. Following the completion of the sale, the chairman now owns 142,114 shares of the company’s stock, valued at $16,343,110. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $116.79, for a total value of $467,160.00. Following the completion of the sale, the senior vice president now directly owns 6,726 shares of the company’s stock, valued at approximately $785,529.54. The disclosure for this sale can be found here. In the last three months, insiders sold 60,000 shares of company stock valued at $6,909,200. Insiders own 1.00% of the company’s stock.

IDEX Corporation (IEX) opened at 123.61 on Wednesday. IDEX Corporation has a one year low of $82.05 and a one year high of $123.94. The firm’s 50-day moving average price is $116.81 and its 200-day moving average price is $107.55. The company has a market cap of $9.45 billion, a PE ratio of 33.13 and a beta of 1.19.

IDEX Corporation (NYSE:IEX) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. The company had revenue of $573.40 million during the quarter, compared to analysts’ expectations 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 prior year, the firm posted $0.99 earnings per share. On average, equities research analysts forecast that IDEX Corporation will post $4.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.20%. IDEX Corporation’s payout ratio is 39.68%.

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IDEX Corporation 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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