DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $4.04 Million Holdings in IDEX Co. (NYSE:IEX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its position in shares of IDEX Co. (NYSE:IEX) by 47.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,278 shares of the industrial products company’s stock after selling 17,747 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in IDEX were worth $4,035,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Banque de Luxembourg S.A. acquired a new position in shares of IDEX during the fourth quarter worth approximately $27,000. Quarry LP acquired a new stake in IDEX in the 4th quarter worth $49,000. Jones Financial Companies Lllp increased its holdings in shares of IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 106 shares during the period. Assetmark Inc. raised its position in shares of IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after buying an additional 235 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in shares of IDEX by 24,700.0% in the fourth quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company’s stock valued at $104,000 after buying an additional 494 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Trading Down 0.7 %

Shares of IEX stock opened at $183.40 on Friday. The company has a market capitalization of $13.85 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.98 and a beta of 1.07. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $238.22. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $176.39 and a 200 day moving average price of $201.23.

IDEX (NYSE:IEX) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The business had revenue of $814.30 million for the quarter, compared to the consensus estimate of $807.25 million. During the same period in the previous year, the business earned $1.88 EPS. IDEX’s revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.71 per share. This is an increase from IDEX’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.84 annualized dividend and a yield of 1.55%. IDEX’s dividend payout ratio is 43.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus upped their price target on IDEX from $192.00 to $208.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Mizuho set a $175.00 target price on IDEX in a research note on Tuesday, April 22nd. Citigroup decreased their price target on shares of IDEX from $264.00 to $201.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research note on Friday, May 2nd. Finally, Royal Bank of Canada lifted their target price on shares of IDEX from $206.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.25.

IDEX Company 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.