Catalyst Capital Advisors adds IDEX Corporation (IEX) to its portfolio

IDEX Corporation (IEX) : Catalyst Capital Advisors added new position in IDEX Corporation during the most recent quarter end. The investment management firm now holds 75,000 shares of IDEX Corporation which is valued at $6,924,000 , the company said in a statement filed on Aug 10, 2016 with the SEC.IDEX Corporation makes up approximately 1.25% of Catalyst Capital Advisors’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in IEX in the latest quarter, The investment management firm added 188,937 additional shares and now holds a total of 5,496,210 shares of IDEX Corporation which is valued at $507,410,107. IDEX Corporation makes up approx 0.03% of Vanguard Group Inc’s portfolio.Twin Capital Management Inc reduced its stake in IEX by selling 4,050 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 20,250 shares of IEX which is valued at $1,877,378. IDEX Corporation makes up approx 0.14% of Twin Capital Management Inc’s portfolio.Ghp Investment Advisors boosted its stake in IEX in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 7,253 shares of IDEX Corporation which is valued at $652,770. IDEX Corporation makes up approx 0.13% of Ghp Investment Advisors’s portfolio.Speece Thorson Capital Group Inc boosted its stake in IEX in the latest quarter, The investment management firm added 919 additional shares and now holds a total of 67,714 shares of IDEX Corporation which is valued at $6,008,263. IDEX Corporation makes up approx 1.29% of Speece Thorson Capital Group Inc’s portfolio.

IDEX Corporation opened for trading at $92.84 and hit $93.87 on the upside on Friday, eventually ending the session at $93.87, with a gain of 1.06% or 0.98 points. The heightened volatility saw the trading volume jump to 2,15,945 shares. Company has a market cap of $7,146 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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