IDEX Corporation (IEX) : Van Berkom Associates has sold out all of its stake in IDEX Corporation during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 452,499 shares of IDEX Corporation which is valued at $37,774,617.
IDEX Corporation closed down -0.33 points or -0.39% at $83.8 with 2,96,046 shares getting traded on Wednesday. Post opening the session at $84.28, the shares hit an intraday low of $83.36 and an intraday high of $84.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Lodestar Investment Counselil reduced its stake in IEX by selling 500 shares or 8.73% in the most recent quarter. The Hedge Fund company now holds 5,225 shares of IEX which is valued at $436,183. IDEX Corporation makes up approx 0.06% of Lodestar Investment Counselil’s portfolio.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.Sit Investment Associates Inc reduced its stake in IEX by selling 2,775 shares or 17.08% in the most recent quarter. The Hedge Fund company now holds 13,475 shares of IEX which is valued at $1,124,758. IDEX Corporation makes up approx 0.02% of Sit Investment Associates Inc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in IEX in the latest quarter, The investment management firm added 990 additional shares and now holds a total of 25,406 shares of IDEX Corporation which is valued at $2,120,639. IDEX Corporation makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Central Trust Co reduced its stake in IEX by selling 302 shares or 6.72% in the most recent quarter. The Hedge Fund company now holds 4,193 shares of IEX which is valued at $349,990. IDEX Corporation makes up approx 0.03% of Central Trust Co’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 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.