Jane Street Group LLC Increases Holdings in IDEX Co. (IEX)

Jane Street Group LLC lifted its stake in shares of IDEX Co. (NYSE:IEX) by 473.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,912 shares of the industrial products company’s stock after acquiring an additional 10,662 shares during the period. Jane Street Group LLC’s holdings in IDEX were worth $1,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in IDEX by 8.8% in the 2nd quarter. BlackRock Inc. now owns 6,993,420 shares of the industrial products company’s stock valued at $790,326,000 after acquiring an additional 568,369 shares in the last quarter. State Street Corp grew its position in IDEX by 20.6% in the 2nd quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock valued at $270,781,000 after acquiring an additional 409,654 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of IDEX by 59.5% in the 2nd quarter. Principal Financial Group Inc. now owns 904,398 shares of the industrial products company’s stock valued at $102,206,000 after buying an additional 337,382 shares during the period. Prudential Financial Inc. boosted its stake in shares of IDEX by 468.9% in the 2nd quarter. Prudential Financial Inc. now owns 368,154 shares of the industrial products company’s stock valued at $41,605,000 after buying an additional 303,440 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of IDEX in the 2nd quarter valued at about $24,072,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Shares of IDEX Co. (NYSE IEX) traded up $0.34 during mid-day trading on Monday, reaching $132.64. The company had a trading volume of 177,100 shares, compared to its average volume of 305,166. IDEX Co. has a 52-week low of $88.29 and a 52-week high of $135.70. The firm has a market capitalization of $10,133.94, a price-to-earnings ratio of 31.96, a PEG ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 2.04.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Monday, October 16th. The industrial products company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. IDEX had a return on equity of 19.07% and a net margin of 13.48%. The firm had revenue of $574.50 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. IDEX’s quarterly revenue was up 8.3% on a year-over-year basis. equities research analysts anticipate that IDEX Co. will post 4.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Monday, January 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, January 11th. IDEX’s dividend payout ratio (DPR) is 37.95%.

Several equities analysts have recently issued reports on the company. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of IDEX in a research note on Friday, October 20th. Oppenheimer restated a “hold” rating on shares of IDEX in a research note on Wednesday, October 18th. Royal Bank Of Canada boosted their target price on IDEX from $124.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 18th. Finally, SunTrust Banks restated a “hold” rating and set a $118.00 target price on shares of IDEX in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.78.

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IDEX 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).

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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