Apollon Wealth Management LLC Has $239,000 Stake in IDEX Co. (NYSE:IEX)

Apollon Wealth Management LLC cut its stake in IDEX Co. (NYSE:IEX - Free Report) by 80.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140 shares of the industrial products company's stock after selling 4,839 shares during the period. Apollon Wealth Management LLC's holdings in IDEX were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in IDEX by 2.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company's stock worth $36,041,000 after buying an additional 4,465 shares in the last quarter. Cerity Partners LLC lifted its position in shares of IDEX by 48.3% in the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock valued at $4,426,000 after acquiring an additional 6,720 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of IDEX by 7.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company's stock valued at $53,720,000 after acquiring an additional 16,504 shares in the last quarter. Covea Finance lifted its position in shares of IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock valued at $3,035,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after acquiring an additional 14,360 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX Stock Up 0.5 %

Shares of IDEX stock traded up $0.97 during midday trading on Tuesday, reaching $196.18. 91,070 shares of the company's stock traded hands, compared to its average volume of 533,187. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. The company's 50 day simple moving average is $212.09 and its 200 day simple moving average is $211.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.11 and a current ratio of 2.53. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results 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 net margin of 15.45% and a return on equity of 16.08%. Equities analysts expect that IDEX Co. will post 8.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IEX shares. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Citigroup cut their target price on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $241.00.

IDEX Company 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.