1,424 Shares in IDEX Co. (NYSE:IEX) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new position in shares of IDEX Co. (NYSE:IEX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,424 shares of the industrial products company's stock, valued at approximately $298,000.

Several other institutional investors have also modified their holdings of IEX. Jones Financial Companies Lllp increased its stake in IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after purchasing an additional 106 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of IDEX during the third quarter worth $86,000. Assetmark Inc. raised its holdings in shares of IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after acquiring an additional 235 shares during the period. Fred Alger Management LLC bought a new stake in IDEX in the 3rd quarter valued at $89,000. Finally, Millburn Ridgefield Corp boosted its stake in IDEX by 475.0% in the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock worth $99,000 after purchasing an additional 380 shares during the period. Institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IEX stock traded up $0.52 on Wednesday, reaching $184.89. The stock had a trading volume of 491,955 shares, compared to its average volume of 496,422. IDEX Co. has a 12 month low of $177.71 and a 12 month high of $245.70. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 1.98 and a beta of 0.99. The firm's 50-day moving average is $199.12 and its two-hundred day moving average is $209.78.

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IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, research analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IEX. Stifel Nicolaus lifted their price target on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. DA Davidson dropped their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup lowered their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.71.

About IDEX

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.