Intrust Bank Na Lowers stake in IDEX Corporation (IEX)

IDEX Corporation (IEX) : Intrust Bank Na reduced its stake in IDEX Corporation by 45.07% during the most recent quarter end. The investment management company now holds a total of 14,767 shares of IDEX Corporation which is valued at $1,329,030 after selling 12,116 shares in IDEX Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.IDEX Corporation makes up approximately 0.52% of Intrust Bank Na’s portfolio.

Other Hedge Funds, Including , Mutual Of America Capital Management boosted its stake in IEX in the latest quarter, The investment management firm added 3,464 additional shares and now holds a total of 55,865 shares of IDEX Corporation which is valued at $5,027,850. IDEX Corporation makes up approx 0.10% of Mutual Of America Capital Management’s portfolio. Financial Architects Inc added IEX to its portfolio by purchasing 421 company shares during the most recent quarter which is valued at $37,355. IDEX Corporation makes up approx 0.01% of Financial Architects Inc’s portfolio.

IDEX Corporation opened for trading at $91.05 and hit $91.56 on the upside on Monday, eventually ending the session at $91.55, with a gain of 0.49% or 0.45 points. The heightened volatility saw the trading volume jump to 2,25,279 shares. Company has a market cap of $6,970 M.

On the company’s financial health, IDEX Corporation reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.93. The company had revenue of $549.70 million for the quarter, compared to analysts expectations of $544.85 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on IDEX Corporation. IDEX Corporation was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 23, 2016.

IDEX Corporation is an applied solutions business that sells pumps flow meters and other fluidics systems and components and engineered products. The Company’s products include industrial pumps compressors flow meters injectors and valves and related controls for use in process applications; precision fluidics solutions including pumps valves degassing equipment corrective tubing fittings complex manifolds precision photonic solutions optical filters and specialty medical equipment and devices used in life science applications. The Company operates in three segments: Fluid & Metering Technologies (FMT) which designs produces and distributes positive displacement pumps flow meters and injectors; Health & Science Technologies (HST) which designs produces and distributes precision fluidics and rotary lobe pumps and Fire & Safety/Diversified Products (FSDP) which produces firefighting pumps and controls rescue tools.

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