Lincoln National Corp Has $273,000 Holdings in IDEX Co. (NYSE:IEX)

Lincoln National Corp trimmed its holdings in shares of IDEX Co. (NYSE:IEXFree Report) by 19.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,258 shares of the industrial products company’s stock after selling 306 shares during the period. Lincoln National Corp’s holdings in IDEX were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in IDEX by 1,196.4% during the 4th quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company’s stock worth $29,598,000 after buying an additional 125,348 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in IDEX by 4.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,190,741 shares of the industrial products company’s stock valued at $475,632,000 after acquiring an additional 84,502 shares during the last quarter. Deutsche Bank AG increased its position in IDEX by 13.3% in the third quarter. Deutsche Bank AG now owns 244,610 shares of the industrial products company’s stock worth $50,884,000 after purchasing an additional 28,661 shares during the period. Raymond James & Associates lifted its position in IDEX by 11.2% during the 4th quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company’s stock valued at $16,601,000 after purchasing an additional 7,684 shares during the period. Finally, Boston Trust Walden Corp lifted its position in IDEX by 112.4% during the 4th quarter. Boston Trust Walden Corp now owns 201,152 shares of the industrial products company’s stock valued at $43,672,000 after purchasing an additional 106,431 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX stock opened at $225.29 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.37. IDEX Co. has a 52 week low of $183.76 and a 52 week high of $246.36. The company’s 50 day moving average price is $233.59 and its two-hundred day moving average price is $218.80. The company has a market capitalization of $17.05 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99.

IDEX (NYSE:IEXGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. The business had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.52 million. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $2.09 earnings per share. On average, analysts expect that IDEX Co. will post 8.33 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, May 16th. This is a positive change from IDEX’s previous quarterly dividend of $0.64. IDEX’s dividend payout ratio (DPR) is currently 33.68%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of IDEX from a “hold” rating to a “buy” rating and increased their price objective for the company from $215.00 to $265.00 in a report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $255.00 price target on shares of IDEX in a research note on Thursday, March 21st. Robert W. Baird decreased their price objective on IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Citigroup boosted their target price on IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Oppenheimer lifted their price objective on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.71.

Read Our Latest Stock Analysis on IDEX

IDEX Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Co. (NYSE:IEXFree Report).

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.