IDEX Corporation (IEX) : Snyder Capital Management L P reduced its stake in IDEX Corporation by 1.29% during the most recent quarter end. The investment management company now holds a total of 782,641 shares of IDEX Corporation which is valued at $72,253,417 after selling 10,227 shares in IDEX Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.IDEX Corporation makes up approximately 4.51% of Snyder Capital Management L P’s portfolio.
Other Hedge Funds, Including , Engineers Gate Manager Lp added IEX to its portfolio by purchasing 4,200 company shares during the most recent quarter which is valued at $387,744. IDEX Corporation makes up approx 0.03% of Engineers Gate Manager Lp’s portfolio.Texas Permanent School Fund reduced its stake in IEX by selling 2,818 shares or 4.63% in the most recent quarter. The Hedge Fund company now holds 58,036 shares of IEX which is valued at $5,357,884. IDEX Corporation makes up approx 0.07% of Texas Permanent School Fund’s portfolio.Brown Advisory Inc reduced its stake in IEX by selling 1,945 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 305,958 shares of IEX which is valued at $28,010,455. IDEX Corporation makes up approx 0.09% of Brown Advisory Inc’s portfolio.State Treasurer State Of Michigan boosted its stake in IEX in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 30,500 shares of IDEX Corporation which is valued at $2,745,000. IDEX Corporation makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Fenimore Asset Management Inc reduced its stake in IEX by selling 1,050 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 859,926 shares of IEX which is valued at $73,119,508. IDEX Corporation makes up approx 3.51% of Fenimore Asset Management Inc’s portfolio.
IDEX Corporation opened for trading at $94 and hit $94.44 on the upside on Tuesday, eventually ending the session at $94.14, with a gain of 0.58% or 0.54 points. The heightened volatility saw the trading volume jump to 1,63,354 shares. Company has a market cap of $7,167 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 Companys 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.