Mediolanum International Funds Ltd Sells 14,650 Shares of IDEX Co. (NYSE:IEX)

Mediolanum International Funds Ltd cut its position in IDEX Co. (NYSE:IEX) by 63.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,424 shares of the industrial products company’s stock after selling 14,650 shares during the quarter. Mediolanum International Funds Ltd’s holdings in IDEX were worth $1,755,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Studio Investment Management LLC boosted its position in IDEX by 4.9% in the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 45 shares in the last quarter. Albert D Mason Inc. raised its stake in shares of IDEX by 1.3% during the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock worth $948,000 after buying an additional 56 shares during the period. Catalyst Capital Advisors LLC raised its stake in shares of IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after buying an additional 59 shares during the period. Diversified Trust Co raised its stake in shares of IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after buying an additional 59 shares during the period. Finally, Empirical Finance LLC raised its stake in shares of IDEX by 2.5% during the 3rd quarter. Empirical Finance LLC now owns 2,486 shares of the industrial products company’s stock worth $533,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Up 0.0 %

Shares of NYSE:IEX opened at $224.19 on Monday. 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 business has a fifty day moving average of $218.90 and a two-hundred day moving average of $211.90. The stock has a market cap of $16.98 billion, a P/E ratio of 34.70, a PEG ratio of 2.15 and a beta of 0.97. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, January 17th. IDEX’s payout ratio is currently 42.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IEX shares. Royal Bank of Canada upped their target price on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus upped 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. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird reduced their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.86.

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.