IDEX Co. (NYSE:IEX) Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of IDEX Co. (NYSE:IEX) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,025 shares of the industrial products company’s stock after buying an additional 2,138 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in IDEX were worth $2,109,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

IEX has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Citigroup cut their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus raised their price target on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reduced their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $241.00.

IDEX Price Performance

NYSE:IEX opened at $195.65 on Monday. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a market cap of $14.81 billion, a P/E ratio of 29.42, a PEG ratio of 1.98 and a beta of 0.97. The business’s 50-day moving average price is $216.28 and its 200 day moving average price is $212.00.

IDEX (NYSE:IEX) last released its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. As a group, sell-side analysts predict that IDEX Co. will post 8.37 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, January 17th. IDEX’s dividend payout ratio is 41.50%.

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.