Mission Creek Capital Partners Inc. Grows Stock Position in IDEX Co. (NYSE:IEX)

Mission Creek Capital Partners Inc. lifted its stake in IDEX Co. (NYSE:IEXGet Rating) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,917 shares of the industrial products company’s stock after purchasing an additional 68 shares during the period. Mission Creek Capital Partners Inc.’s holdings in IDEX were worth $943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in IDEX by 1,072.7% during the 1st quarter. Allworth Financial LP now owns 129 shares of the industrial products company’s stock worth $25,000 after buying an additional 118 shares during the last quarter. Riverview Trust Co purchased a new stake in IDEX during the 1st quarter worth about $27,000. Parkside Financial Bank & Trust lifted its holdings in IDEX by 120.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company’s stock worth $27,000 after buying an additional 77 shares during the last quarter. Quent Capital LLC purchased a new stake in IDEX during the 4th quarter worth about $46,000. Finally, San Luis Wealth Advisors LLC purchased a new stake in IDEX during the 1st quarter worth about $49,000. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IEX. StockNews.com raised IDEX from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Morgan Stanley cut their target price on IDEX from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Thursday, June 9th. Loop Capital cut their target price on IDEX from $220.00 to $200.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Citigroup boosted their price target on IDEX from $219.00 to $228.00 in a research report on Thursday, July 28th. Finally, Oppenheimer upgraded IDEX from a “market perform” rating to an “outperform” rating and set a $215.00 price target on the stock in a research report on Thursday, July 14th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average target price of $218.91.

IDEX Price Performance

Shares of NYSE:IEX opened at $208.59 on Friday. The business’s 50 day simple moving average is $201.02 and its 200-day simple moving average is $193.61. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.02 and a quick ratio of 2.13. IDEX Co. has a 12 month low of $172.18 and a 12 month high of $240.33.

IDEX (NYSE:IEXGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The industrial products company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. IDEX had a return on equity of 19.50% and a net margin of 17.24%. During the same quarter last year, the business posted $1.61 EPS. As a group, equities analysts forecast that IDEX Co. will post 7.94 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, July 14th. IDEX’s dividend payout ratio (DPR) is 35.82%.

IDEX Company Profile

(Get Rating)

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, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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