IDEX Corporation (IEX) : Snyder Capital Management L P reduced its stake in IDEX Corporation by 6.83% during the most recent quarter end. The investment management company now holds a total of 792,868 shares of IDEX Corporation which is valued at $64.4 Million after selling 58,110 shares in IDEX Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.IDEX Corporation makes up approximately 4.36% of Snyder Capital Management L P’s portfolio.
Other Hedge Funds, Including , Investec Asset Management Ltd reduced its stake in IEX by selling 15,118 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 1,239,691 shares of IEX which is valued at $100.7 Million. IDEX Corporation makes up approx 0.55% of Investec Asset Management Ltd’s portfolio.Profund Advisors boosted its stake in IEX in the latest quarter, The investment management firm added 1,012 additional shares and now holds a total of 9,879 shares of IDEX Corporation which is valued at $812,054. IDEX Corporation makes up approx 0.04% of Profund Advisors’s portfolio.Diam Ltd. reduced its stake in IEX by selling 400 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 10,270 shares of IEX which is valued at $844,194. IDEX Corporation makes up approx 0.01% of Diam Ltd.’s portfolio.Intrust Bank Na reduced its stake in IEX by selling 3,422 shares or 11.29% in the most recent quarter. The Hedge Fund company now holds 26,883 shares of IEX which is valued at $2.2 Million. IDEX Corporation makes up approx 0.81% of Intrust Bank Na’s portfolio.State Of Wisconsin Investment Board reduced its stake in IEX by selling 106,252 shares or 52.1% in the most recent quarter. The Hedge Fund company now holds 97,696 shares of IEX which is valued at $8 Million. IDEX Corporation makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.
IDEX Corporation opened for trading at $81.95 and hit $82.4 on the upside on Friday, eventually ending the session at $82.02, with a gain of 0.68% or 0.55 points. The heightened volatility saw the trading volume jump to 2,16,779 shares. Company has a market cap of $6,225,400 M.
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 Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 23, 2016. IDEX Corporation was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 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.