Fenimore Asset Management Inc Lowers stake in IDEX Corporation (IEX)

IDEX Corporation (IEX) : Fenimore Asset Management Inc reduced its stake in IDEX Corporation by 0.02% during the most recent quarter end. The investment management company now holds a total of 859,736 shares of IDEX Corporation which is valued at $75,140,926 after selling 190 shares in IDEX Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.IDEX Corporation makes up approximately 3.67% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Eagle Boston Investment Management Inc reduced its stake in IEX by selling 2,497 shares or 10.33% in the most recent quarter. The Hedge Fund company now holds 21,669 shares of IEX which is valued at $1,893,871. IDEX Corporation makes up approx 0.25% of Eagle Boston Investment Management Inc’s portfolio.Gofen Glossberg Il reduced its stake in IEX by selling 294 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 56,150 shares of IEX which is valued at $5,056,869. IDEX Corporation makes up approx 0.21% of Gofen Glossberg Il’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in IEX by selling 3,019 shares or 10.21% in the most recent quarter. The Hedge Fund company now holds 26,545 shares of IEX which is valued at $2,390,643. IDEX Corporation makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in IEX in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 121 shares of IDEX Corporation which is valued at $10,938.Washington Trust Bank reduced its stake in IEX by selling 29 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 1,242 shares of IEX which is valued at $114,997. IDEX Corporation makes up approx 0.03% of Washington Trust Bank’s portfolio.

IDEX Corporation closed down -2.66 points or -2.95% at $87.4 with 6,31,291 shares getting traded on Tuesday. Post opening the session at $89.29, the shares hit an intraday low of $86.61 and an intraday high of $89.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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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