GHP Investment Advisors Inc. Has $3.69 Million Holdings in IDEX Co. (NYSE:IEX)

GHP Investment Advisors Inc. decreased its position in IDEX Co. (NYSE:IEX) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,639 shares of the industrial products company’s stock after selling 589 shares during the quarter. GHP Investment Advisors Inc.’s holdings in IDEX were worth $3,692,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IEX. State Street Corp boosted its holdings in shares of IDEX by 0.5% in the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock valued at $647,356,000 after buying an additional 15,077 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of IDEX by 108.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock worth $607,234,000 after buying an additional 1,472,456 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of IDEX by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock worth $404,339,000 after buying an additional 23,388 shares during the period. Champlain Investment Partners LLC grew its stake in IDEX by 28.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock valued at $262,479,000 after buying an additional 273,460 shares during the last quarter. Finally, Barclays PLC raised its holdings in IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after acquiring an additional 14,360 shares during the period. Institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup dropped their target price on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird decreased their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.00.

IDEX Stock Performance

IDEX stock opened at $198.89 on Friday. The stock has a market cap of $15.06 billion, a PE ratio of 30.79, a P/E/G ratio of 2.21 and a beta of 0.97. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The business’s 50-day moving average price is $216.98 and its two-hundred day moving average price is $211.91.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. As a group, analysts expect that IDEX Co. will post 7.88 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, January 17th. IDEX’s payout ratio is 42.72%.

IDEX Profile

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.