Today: The IDEX Corp. (IEX) Position Held by Sit Investment Associates Inc.

The IDEX Corp. (IEX) Position Held by Sit Investment Associates Inc.

Sit Investment Associates Inc. held its position in shares of IDEX Corp. (NYSE:IEX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,475 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in IDEX Corp. were worth $1,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IEX. Wellington Management Group LLP raised its position in shares of IDEX Corp. by 12.7% in the first quarter. Wellington Management Group LLP now owns 2,571,528 shares of the company’s stock valued at $213,127,000 after buying an additional 289,735 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of IDEX Corp. by 8.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,373,177 shares of the company’s stock valued at $196,689,000 after buying an additional 179,710 shares during the period. State Street Corp raised its position in shares of IDEX Corp. by 0.5% in the first quarter. State Street Corp now owns 1,993,676 shares of the company’s stock valued at $165,236,000 after buying an additional 10,532 shares during the period. Pictet Asset Management Ltd. raised its position in shares of IDEX Corp. by 10.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,165,178 shares of the company’s stock valued at $87,575,000 after buying an additional 107,638 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of IDEX Corp. by 58.6% in the first quarter. Goldman Sachs Group Inc. now owns 589,569 shares of the company’s stock valued at $48,863,000 after buying an additional 217,791 shares during the period. 97.53% of the stock is owned by institutional investors.

Shares of IDEX Corp. (NYSE:IEX) traded up 0.19% during mid-day trading on Wednesday, reaching $87.57. 201,291 shares of the company traded hands. The company has a market capitalization of $6.67 billion, a P/E ratio of 23.22 and a beta of 1.16. IDEX Corp. has a 52-week low of $67.20 and a 52-week high of $95.33. The firm’s 50 day moving average price is $92.36 and its 200-day moving average price is $86.85.

IDEX Corp. (NYSE:IEX) last announced its earnings results on Monday, July 18th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. IDEX Corp. had a net margin of 14.16% and a return on equity of 19.49%. The firm earned $549.70 million during the quarter. During the same period in the previous year, the firm posted $0.89 EPS. Equities analysts predict that IDEX Corp. will post $3.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, October 13th. IDEX Corp.’s payout ratio is 35.98%.

Several research analysts have weighed in on IEX shares. Zacks Investment Research lowered shares of IDEX Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Janney Montgomery Scott raised shares of IDEX Corp. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $87.00 to $96.00 in a research note on Tuesday, July 19th. Jefferies Group reissued a “hold” rating on shares of IDEX Corp. in a research note on Tuesday, July 19th. Royal Bank Of Canada reissued a “buy” rating on shares of IDEX Corp. in a research note on Tuesday, July 12th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of IDEX Corp. in a research note on Monday, June 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $85.86.

In other news, Director Gregory F. Milzcik sold 4,830 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $90.00, for a total transaction of $434,700.00. Following the completion of the transaction, the director now owns 5,375 shares of the company’s stock, valued at approximately $483,750. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Andrew K. Silvernail sold 6,575 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $91.34, for a total transaction of $600,560.50. Following the transaction, the chairman now directly owns 88,418 shares of the company’s stock, valued at approximately $8,076,100.12. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

About IDEX Corp.

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).

Related posts

Leave a Comment