Arizona State Retirement System grew its holdings in IDEX Co. (NYSE:IEX) by 26.9% during the 4th quarter, Holdings Channel reports. The firm owned 54,992 shares of the industrial products company’s stock after purchasing an additional 11,669 shares during the period. Arizona State Retirement System’s holdings in IDEX were worth $7,257,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of IDEX by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,026,720 shares of the industrial products company’s stock valued at $124,716,000 after acquiring an additional 34,391 shares during the period. Impax Asset Management LTD raised its position in shares of IDEX by 4.6% in the 3rd quarter. Impax Asset Management LTD now owns 949,167 shares of the industrial products company’s stock valued at $115,295,000 after acquiring an additional 41,883 shares during the period. Brown Advisory Inc. raised its position in shares of IDEX by 6.1% in the 3rd quarter. Brown Advisory Inc. now owns 410,323 shares of the industrial products company’s stock valued at $49,842,000 after acquiring an additional 23,669 shares during the period. Dimensional Fund Advisors LP raised its position in shares of IDEX by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 381,993 shares of the industrial products company’s stock valued at $46,403,000 after acquiring an additional 3,092 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of IDEX by 0.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 320,021 shares of the industrial products company’s stock valued at $38,873,000 after acquiring an additional 2,488 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.
Shares of IDEX Co. (NYSE IEX) opened at $136.83 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.06 and a current ratio of 2.78. The company has a market cap of $10,493.79, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. IDEX Co. has a fifty-two week low of $89.69 and a fifty-two week high of $148.32.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Monday, January 15th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, January 11th. This represents a $1.48 annualized dividend and a yield of 1.08%. IDEX’s dividend payout ratio (DPR) is currently 33.95%.
IEX has been the topic of a number of analyst reports. SunTrust Banks increased their price target on shares of IDEX to $145.00 in a research report on Thursday, February 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research report on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and issued a $141.00 price target on shares of IDEX in a research report on Friday, December 15th. Wells Fargo & Co set a $155.00 price target on shares of IDEX and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $145.00 price target (up from $132.00) on shares of IDEX in a research report on Tuesday, January 16th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. IDEX has an average rating of “Hold” and an average price target of $133.40.
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IDEX 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).
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