Mountain Pacific Investment Advisers Incid Lowers stake in IDEX Corporation (IEX)

IDEX Corporation (IEX) : Mountain Pacific Investment Advisers Incid reduced its stake in IDEX Corporation by 0.06% during the most recent quarter end. The investment management company now holds a total of 360,675 shares of IDEX Corporation which is valued at $30,105,542 after selling 211 shares in IDEX Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.IDEX Corporation makes up approximately 3.43% of Mountain Pacific Investment Advisers Incid’s portfolio.

IDEX Corporation closed down -0.33 points or -0.39% at $83.29 with 3,99,160 shares getting traded on Wednesday. Post opening the session at $83.66, the shares hit an intraday low of $83.15 and an intraday high of $83.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in IEX in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 131 shares of IDEX Corporation which is valued at $10,935. IDEX Corporation makes up approx 0.01% of Gemmer Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in IEX in the latest quarter, The investment management firm added 960 additional shares and now holds a total of 6,879 shares of IDEX Corporation which is valued at $574,190. IDEX Corporation makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Eagle Boston Investment Management Inc boosted its stake in IEX in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 24,314 shares of IDEX Corporation which is valued at $1,983,293. IDEX Corporation makes up approx 0.28% of Eagle Boston Investment Management Inc’s portfolio.Eagle Asset Management Inc reduced its stake in IEX by selling 18,616 shares or 31.27% in the most recent quarter. The Hedge Fund company now holds 40,914 shares of IEX which is valued at $3,337,355. IDEX Corporation makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, IDEX Corporation reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.81. The company had revenue of $502.57 million for the quarter, compared to analysts expectations of $492.75 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on IDEX Corporation. IDEX Corporation was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 83 from a previous price target of $86 .

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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