The Hahn Capital Management LLC Reduces Position in IDEX Corporation (IEX), Report finds

The Hahn Capital Management LLC Reduces Position in IDEX Corporation (IEX), Report finds

Other institutional investors also recently made changes to their positions in the company. Capital World Investors increased its stake in IDEX Corporation by 34.6% in the third quarter. Capital World Investors now owns 5,966,984 shares of the company’s stock valued at $558,331,000 after buying an additional 1,532,396 shares during the last quarter. JPMorgan Chase & Co. increased its stake in IDEX Corporation by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 2,826,253 shares of the company’s stock valued at $264,453,000 after buying an additional 163,006 shares during the last quarter. BlackRock Fund Advisors increased its stake in IDEX Corporation by 4.3% in the third quarter. BlackRock Fund Advisors now owns 2,768,940 shares of the company’s stock valued at $259,090,000 after buying an additional 112,921 shares during the last quarter. Schroder Investment Management Group increased its stake in IDEX Corporation by 17.7% in the third quarter. Schroder Investment Management Group now owns 949,863 shares of the company’s stock valued at $88,879,000 after buying an additional 142,583 shares during the last quarter. Finally, Northern Trust Corp increased its stake in IDEX Corporation by 1.8% in the third quarter. Northern Trust Corp now owns 721,980 shares of the company’s stock valued at $67,556,000 after buying an additional 13,003 shares during the last quarter. Institutional investors own 97.58% of the company’s stock.

Hahn Capital Management LLC cut its stake in shares of IDEX Corporation (NYSE:IEX) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,612 shares of the company’s stock after selling 19,915 shares during the period. IDEX Corporation makes up approximately 3.1% of Hahn Capital Management LLC’s portfolio, making the stock its 17th largest position. Hahn Capital Management LLC’s holdings in IDEX Corporation were worth $31,431,000 as of its most recent filing with the SEC.

Shares of IDEX Corporation (NYSE:IEX) opened at 90.93 on Monday. The firm has a 50-day moving average price of $90.81 and a 200-day moving average price of $91.12. The firm has a market cap of $6.91 billion, a P/E ratio of 25.76 and a beta of 1.15. IDEX Corporation has a 12-month low of $71.86 and a 12-month high of $95.76.

IDEX Corporation (NYSE:IEX) last posted its quarterly earnings data on Monday, January 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. IDEX Corporation had a return on equity of 18.95% and a net margin of 12.83%. The company had revenue of $530.40 million for the quarter, compared to the consensus estimate of $547.11 million. During the same period in the previous year, the business earned $0.94 EPS. IDEX Corporation’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that IDEX Corporation will post $3.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Monday, January 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, January 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.50%. IDEX Corporation’s dividend payout ratio (DPR) is 38.42%.

IEX has been the subject of several research analyst reports. RBC Capital Markets set a $101.00 price objective on IDEX Corporation and gave the company a “buy” rating in a report on Wednesday, October 19th. Zacks Investment Research downgraded IDEX Corporation from a “hold” rating to a “sell” rating in a report on Monday, January 16th. Stifel Nicolaus increased their price objective on IDEX Corporation from $88.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, October 19th. Sanford C. Bernstein reissued a “market perform” rating on shares of IDEX Corporation in a report on Thursday, December 15th. Finally, Royal Bank Of Canada downgraded IDEX Corporation from an “outperform” rating to a “sector perform” rating and set a $101.00 price objective for the company. in a report on Wednesday, December 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $92.00.

In other news, SVP Jeffrey D. Bucklew sold 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $93.00, for a total value of $302,250.00. Following the completion of the sale, the senior vice president now directly owns 5,510 shares in the company, valued at approximately $512,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eric D. Ashleman sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $92.83, for a total value of $556,980.00. Following the completion of the sale, the chief operating officer now owns 19,941 shares of the company’s stock, valued at $1,851,123.03. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

IDEX Corporation Company Profile

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP).

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