Profund Advisors LLC Has $952,000 Holdings in IDEX Corporation (IEX)
Profund Advisors LLC lowered its position in shares of IDEX Corporation (NYSE:IEX) by 20.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,422 shares of the industrial products company’s stock after selling 2,198 shares during the quarter. Profund Advisors LLC’s holdings in IDEX Corporation were worth $952,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in IEX. Strs Ohio purchased a new position in IDEX Corporation during the 2nd quarter worth $112,000. Robeco Institutional Asset Management B.V. purchased a new position in IDEX Corporation during the 2nd quarter worth $134,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in IDEX Corporation during the 2nd quarter worth $181,000. Wallington Asset Management LLC purchased a new position in IDEX Corporation during the 2nd quarter worth $203,000. Finally, Calamos Advisors LLC purchased a new position in IDEX Corporation during the 2nd quarter worth $214,000. Institutional investors own 98.50% of the company’s stock.
In other IDEX Corporation news, SVP Daniel J. Salliotte sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total value of $692,040.00. Following the sale, the senior vice president now directly owns 33,762 shares in the company, valued at $3,894,109.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Andrew K. Silvernail sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now owns 142,114 shares in the company, valued at $16,343,110. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,000 shares of company stock worth $6,909,200. 1.00% of the stock is owned by company insiders.
IDEX Corporation (NYSE:IEX) opened at 123.12 on Friday. The stock has a 50 day moving average of $116.81 and a 200-day moving average of $107.55. The stock has a market cap of $9.41 billion, a P/E ratio of 33.00 and a beta of 1.19. IDEX Corporation has a one year low of $82.05 and a one year high of $123.94.
IDEX Corporation (NYSE:IEX) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. IDEX Corporation had a net margin of 13.12% and a return on equity of 19.01%. The business had revenue of $573.40 million during the quarter, compared to the consensus estimate of $568.43 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that IDEX Corporation will post $4.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, October 13th. IDEX Corporation’s dividend payout ratio (DPR) is presently 39.68%.
A number of brokerages have commented on IEX. Zacks Investment Research upgraded shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Monday, August 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective (up previously from $109.00) on shares of IDEX Corporation in a research report on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and set a $100.00 price objective on shares of IDEX Corporation in a research report on Friday, May 26th. BidaskClub downgraded shares of IDEX Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $110.00 price objective on shares of IDEX Corporation in a research report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.63.
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).
Receive News & Ratings for IDEX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX Corporation and related companies with MarketBeat.com's FREE daily email newsletter.