Dividend Watching: IDEX Corporation (NYSE:IEX) gearing towards $0.34 dividends on Oct 31, 2016.


Dividend Watching: IDEX Corporation (NYSE:IEX) gearing towards $0.34 dividends on Oct 31, 2016.

IDEX Corporation (NYSE:IEX) is expected to pay $0.34 on Oct 31, 2016. The indicated annual dividend is $1.36. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on IDEX Corporation’s current price of $87.40, the dividend is 0.39%. This dividend’s record date is Oct 17, 2016 and the announcement date is Sep 27, 2016. The stock decreased 2.95% or $2.66 during the last trading session, hitting $87.4. IDEX Corporation (NYSE:IEX) has risen 12.95% since March 9, 2016 and is uptrending. It has outperformed by 5.54% the S&P500.

IDEX Corporation operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The company has a market cap of $6.63 billion. The Firm operates through three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). It has a 23.13 P/E ratio. With its divisions, the Company maintains approximately 20 platforms, where it focuses on growth and acquisitions.

Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.14, from 0.93 in 2016Q1. The ratio increased, as 16 funds sold all IDEX Corporation shares owned while 104 reduced positions. 30 funds bought stakes while 98 increased positions. They now own 73.51 million shares or 1.44% less from 74.59 million shares in 2016Q1.
Bamco Ny last reported 0.2% of its portfolio in the stock. Cubist Systematic Strategies Limited Liability Corp last reported 0.16% of its portfolio in the stock. Schwab Charles Inv Management accumulated 0.02% or 201,724 shares. Retail Bank Of America De accumulated 326,472 shares or 0.01% of the stock. Amp Invsts Limited holds 0.02% of its portfolio in IDEX Corporation (NYSE:IEX) for 28,625 shares. Td Asset Mgmt, a Ontario – Canada-based fund reported 138,000 shares. Impax Asset Mgmt Ltd last reported 2.83% of its portfolio in the stock. The New York-based Bluemountain Limited Com has invested 0.02% in IDEX Corporation (NYSE:IEX). Rice Hall James & Assocs Ltd has 25,098 shares for 0.12% of their US portfolio. Huntington Bank & Trust accumulated 0% or 1,498 shares. Moreover, Mountain Pacific Invest Advisers Id has 3.4% invested in IDEX Corporation (NYSE:IEX) for 360,613 shares. Lodestar Inv Counsel Limited Company Il holds 5,225 shares or 0.06% of its portfolio. Point72 Asia (Hong Kong) Ltd owns 1,000 shares or 0.1% of their US portfolio. The Massachusetts-based Putnam Investments Ltd Llc has invested 0.01% in IDEX Corporation (NYSE:IEX). Hancock holds 32,025 shares or 0.11% of its portfolio.

Insider Transactions: Since April 27, 2016, the stock had 0 buys, and 8 insider sales for $4.08 million net activity. 15,650 IDEX Corporation (NYSE:IEX) shares with value of $1.31 million were sold by ASHLEMAN ERIC D. Another trade for 6,200 shares valued at $504,804 was sold by Silvernail Andrew K. $434,697 worth of IDEX Corporation (NYSE:IEX) shares were sold by MILZCIK GREGORY F. 4,354 shares were sold by MITTS HEATH A, worth $358,121. On Tuesday, May 31 SALLIOTTE DANIEL J sold $333,094 worth of the stock or 4,000 shares. YATES MICHAEL J also sold $119,353 worth of IDEX Corporation (NYSE:IEX) on Wednesday, April 27. Another trade for 5,000 shares valued at $418,420 was made by BUCKLEW JEFFREY D on Tuesday, May 24.

IDEX Corporation (NYSE:IEX) Ratings Coverage

Out of 7 analysts covering IDEX Corporation (NYSE:IEX), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. $86 is the highest target while $80 is the lowest. The $83.67 average target is -4.27% below today’s ($87.4) stock price. IDEX Corporation has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. SunTrust initiated the stock with “Neutral” rating in Tuesday, November 3 report. Suntrust Robinson initiated the shares of IEX in a report on Tuesday, November 3 with “Neutral” rating. The firm has “Outperform” rating given on Tuesday, September 29 by Bernstein. The rating was initiated by Janney Capital with “Neutral” on Tuesday, June 21. BMO Capital Markets initiated the stock with “Market Perform” rating in Tuesday, April 5 report. Bernstein downgraded the stock to “Market Perform” rating in Monday, April 4 report. The rating was upgraded by Janney Capital to “Buy” on Tuesday, July 19. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Monday, May 23 report. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29.

More notable recent IDEX Corporation (NYSE:IEX) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Graco, McGrath RentCorp and IDEX” on October 11, 2016, also Businesswire.com with their article: “IDEX Corporation to Acquire Akron Brass” published on February 05, 2016, Seekingalpha.com published: “IDEX Corporation: Pumping Out Consistent Results At A Premium Price” on August 24, 2016. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Businesswire.com and their article: “IDEX Corporation Names Michael J. Yates as Interim Chief Financial Officer” published on August 31, 2016 as well as Businesswire.com‘s news article titled: “IDEX Corporation Hires Denise Cade as General Counsel” with publication date: October 26, 2015.

IEX Company Profile

IDEX Corporation (IDEX), incorporated on September 24, 1987, 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; precision-engineered equipment for dispensing, metering and mixing paints; refinishing equipment, and engineered products for industrial and commercial markets, including fire and rescue, transportation equipment, gas and oil, electronics and communications. The Firm operates in three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). FMT segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems. HST segment designs, produces and distributes precision fluidics, rotary lobe pumps, and centrifugal and positive displacement pumps. FSDP segment produces firefighting pumps and controls, rescue tools, lifting bags, and other components and systems.

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