41,300 Shares in IDEX Co. (NYSE:IEX) Purchased by APG Asset Management N.V.

APG Asset Management N.V. bought a new position in IDEX Co. (NYSE:IEX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 41,300 shares of the industrial products company's stock, valued at approximately $8,347,000. APG Asset Management N.V. owned approximately 0.05% of IDEX at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after buying an additional 106 shares in the last quarter. Assetmark Inc. boosted its holdings in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 235 shares during the period. BankPlus Trust Department acquired a new position in IDEX in the fourth quarter valued at approximately $123,000. EverSource Wealth Advisors LLC raised its stake in shares of IDEX by 49.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $123,000 after purchasing an additional 196 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in IDEX by 416.0% in the 4th quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock valued at $129,000 after acquiring an additional 495 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

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IDEX Price Performance

Shares of NYSE IEX traded down $1.29 during trading hours on Wednesday, reaching $166.05. 80,681 shares of the stock traded hands, compared to its average volume of 551,367. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a market capitalization of $12.54 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company's 50-day simple moving average is $183.98 and its two-hundred day simple moving average is $205.84.

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 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%. Equities research analysts forecast that IDEX Co. will post 8.26 EPS for the current year.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a report on Monday. DA Davidson reduced their price target on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Citigroup cut their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday. Finally, Royal Bank of Canada lowered their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $223.14.

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.