Vise Technologies Inc. Purchases 2,606 Shares of IDEX Corporation $IEX

Vise Technologies Inc. bought a new stake in shares of IDEX Corporation (NYSE:IEX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,606 shares of the industrial products company’s stock, valued at approximately $594,000.

A number of other hedge funds also recently bought and sold shares of IEX. Optiver Holding B.V. purchased a new position in IDEX during the first quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in shares of IDEX during the third quarter worth approximately $27,000. Quantbot Technologies LP purchased a new position in IDEX in the 2nd quarter valued at $33,000. Elevation Wealth Partners LLC boosted its stake in IDEX by 42.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 44 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of IDEX in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

IDEX stock opened at $239.93 on Thursday. The company’s 50 day moving average is $230.52 and its two-hundred day moving average is $217.53. The firm has a market cap of $17.62 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The company has a quick ratio of 1.95, a current ratio of 2.78 and a debt-to-equity ratio of 0.44. IDEX Corporation has a 52-week low of $160.60 and a 52-week high of $243.80.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, October 28th. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.09. IDEX had a return on equity of 16.18% and a net margin of 14.65%. The firm had revenue of $951.70 million during the quarter, compared to analyst estimates of $934.36 million. During the same period last year, the business posted $2.03 earnings per share. IDEX’s revenue was up 8.3% compared to the same quarter last year. On average, research analysts expect that IDEX Corporation will post 8.95 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 13th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, January 13th. IDEX’s dividend payout ratio is currently 40.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird set a $268.00 target price on IDEX in a report on Thursday, October 29th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. TD Cowen upped their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their target price on IDEX from $267.00 to $273.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, Royal Bank Of Canada initiated coverage on IDEX in a research report on Thursday, October 29th. They set a “moderate buy” rating and a $283.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.64.

About IDEX

IDEX Corporation is a diversified manufacturer of engineered products and technologies used in industrial, life sciences, fire and safety, and other specialized markets. Its offerings include pumps, valves, flow meters and dispensing equipment, as well as components and instruments used in fluidics, medical technology and scientific applications. The company also supplies fire and rescue equipment, including tools and water-handling products. IDEX serves customers around the world through its operating businesses, which sell products for applications ranging from manufacturing and energy to healthcare and emergency response.