Nisa Investment Advisors LLC Sells 155 Shares of IDEX Co. (NYSE:IEX)

Nisa Investment Advisors LLC trimmed its stake in IDEX Co. (NYSE:IEX) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,812 shares of the industrial products company’s stock after selling 155 shares during the period. Nisa Investment Advisors LLC’s holdings in IDEX were worth $6,867,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IEX. D. E. Shaw & Co. Inc. raised its position in shares of IDEX by 247.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock worth $39,872,000 after acquiring an additional 141,064 shares during the last quarter. Marshall Wace LLP raised its holdings in IDEX by 162.1% during the 2nd quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company’s stock worth $20,433,000 after purchasing an additional 62,803 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of IDEX by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock valued at $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Cerity Partners LLC increased its position in shares of IDEX by 48.3% during the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after buying an additional 6,720 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock worth $53,720,000 after buying an additional 16,504 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IEX. Citigroup decreased their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus raised their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their price target on IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Robert W. Baird reduced their price objective on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $242.86.

IDEX Price Performance

Shares of NYSE:IEX opened at $220.22 on Friday. The stock’s 50 day moving average is $219.36 and its 200-day moving average is $211.18. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 2.17 and a beta of 0.97.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. During the same period last year, the firm earned $2.12 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that IDEX Co. will post 7.89 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.25%. IDEX’s dividend payout ratio is presently 42.72%.

About IDEX

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.