Proficio Capital Partners LLC Invests $10.21 Million in IDEX Co. (NYSE:IEX)

Proficio Capital Partners LLC purchased a new position in IDEX Co. (NYSE:IEX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 48,794 shares of the industrial products company's stock, valued at approximately $10,212,000. Proficio Capital Partners LLC owned 0.06% of IDEX at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEX. State Street Corp raised its holdings in shares of IDEX by 0.5% in the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock valued at $647,356,000 after acquiring an additional 15,077 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of IDEX by 108.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock valued at $607,234,000 after purchasing an additional 1,472,456 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of IDEX by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company's stock worth $404,339,000 after purchasing an additional 23,388 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of IDEX by 28.8% during the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company's stock valued at $262,479,000 after purchasing an additional 273,460 shares in the last quarter. Finally, Barclays PLC increased its holdings in IDEX by 1.2% during the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after buying an additional 14,360 shares during the period. Institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

IEX stock traded down $1.57 during midday trading on Thursday, reaching $186.87. The stock had a trading volume of 147,949 shares, compared to its average volume of 538,256. The firm has a fifty day simple moving average of $206.17 and a two-hundred day simple moving average of $211.45. IDEX Co. has a 52-week low of $183.24 and a 52-week high of $246.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The stock has a market cap of $14.16 billion, a PE ratio of 28.17, a P/E/G ratio of 1.98 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

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