Hartford Investment Management Co. sold 442 shares of IDEX Co. (NYSE:IEX)


Hartford Investment Management Co. decreased its position in IDEX Co. (NYSE:IEX – Get Rating ) by 5.7% during the first quarter, HoldingsChannel.com reports. The fund owned 7,272 shares of the industrial products company’s stock after selling 442 shares during the quarter. Hartford Investment Management Co.’s holdings. in IDEX were worth $1,394,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IEX. CVA Family Office LLC purchased a new position in shares of IDEX during the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in IDEX during the 4th quarter valued at approximately $31,000. Quent Capital LLC purchased a new position in IDEX in 4th quarter worth approximately $46,000. Ellevest Inc. purchased a new position in IDEX in the 4th quarter valued at approximately $49,000. Finally, Castleview Partners LLC purchased a new position in IDEX in the 4th quarter valued at approximately $50,000. The institutional investors own 96.95% of the company’s stock.

Several research analysts recently weighed in on IEX shares. DA Davidson restated a “neutral” rating on shares of IDEX in a research report on Thursday, April 28th. Citigroup boosted their price objective on shares of IDEX from $232.00 to $235.00 in a research report on Thursday, April 28th. StockNews.com raised IDEX from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Stifel Nicolaus cut their target price on IDEX from $244.00 to $231.00 and set a “buy” rating on the stock in a report on Monday, April 18th. Finally, Morgan Stanley cut their target price on IDEX from $250.00 to $225.00 and set an “overweight” rating on the stock in a report on Thursday, June 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.30, according to MarketBeat .

NYSE:IEX opened at $183.66 on Tuesday. IDEX Co. has a fifty-two week low of $172.18 and a fifty-two week high of $240.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.59, and a quick ratio of 2.68. The stock has a market cap of $13.96 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.99 and a beta of 1.02. The business’s 50-day simple moving average is $186.28, and the 200-day simple moving average is $197.96.

IDEX (NYSE:IEX – Get Rating ) last posted its earnings results on Tuesday, April 26th. The industrial products company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.74 by $0.22. The firm had revenue of $751.10 million for the quarter, compared to analysts’ expectations of $721.21 million. IDEX has a return on equity of 18.61% and a net margin of 16.65%. During the same quarter in the previous year, the business reported $1.51 EPS. On average, analysts expect that IDEX Co. will report 7.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a $0.60 dividend. This represents a $2.40 annual dividend and a yield of 1.31%. The ex-dividend date is Thursday, July 14th. IDEX’s payout ratio is 38.52%.

Company profile IDEX (Get Rating)

IDEX Corporation, together with its subsidiaries, provides application solutions worldwide. The company operates in three segments: Fluids and Measurement Technologies (FMT), Health and Science Technologies (HST), and Fire and Safety/Diverse Products (FSDP). The FMT segment designs, manufactures and distributes positive displacement pumps, small volume verification devices, flow meters, injectors and other pump modules and fluid handling systems, and offers flow monitoring and other services to the food, chemical, general, water and wastewater, agriculture and energy.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)



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