Y Intercept Hong Kong Ltd Acquires Shares of 10,259 IDEX Co. (NYSE:IEX)

Y Intercept Hong Kong Ltd acquired a new position in IDEX Co. (NYSE:IEX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,259 shares of the industrial products company's stock, valued at approximately $2,147,000.

A number of other large investors have also recently made changes to their positions in IEX. Studio Investment Management LLC boosted its holdings in IDEX by 4.9% in the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 45 shares in the last quarter. Bleakley Financial Group LLC raised its stake in IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock worth $254,000 after buying an additional 48 shares in the last quarter. Albert D Mason Inc. lifted its holdings in IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock worth $948,000 after buying an additional 56 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock worth $30,000 after buying an additional 59 shares during the period. Finally, Diversified Trust Co boosted its position in shares of IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after purchasing an additional 59 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IEX has been the subject of a number of recent research reports. DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada cut their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus raised their price target on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird decreased their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and an average target price of $241.71.

IDEX Trading Up 0.3 %

IEX traded up $0.57 during trading on Friday, hitting $194.31. 687,529 shares of the stock were exchanged, compared to its average volume of 528,506. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 1.98 and a beta of 0.97. The firm has a 50 day simple moving average of $207.98 and a 200 day simple moving average of $211.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. As a group, equities analysts expect that IDEX Co. will post 8.26 EPS for the current year.

IDEX Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.