AssuredPartners Investment Advisors LLC Invests $386,000 in IDEX Co. (NYSE:IEX)

AssuredPartners Investment Advisors LLC bought a new position in IDEX Co. (NYSE:IEX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,843 shares of the industrial products company's stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC increased its position in IDEX by 48.3% during the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock worth $4,426,000 after acquiring an additional 6,720 shares during the period. Bank of Montreal Can increased its holdings in shares of IDEX by 16.0% during the 3rd quarter. Bank of Montreal Can now owns 102,364 shares of the industrial products company's stock worth $22,006,000 after purchasing an additional 14,088 shares during the period. Brooklyn Investment Group acquired a new position in shares of IDEX during the third quarter valued at about $86,000. BNP Paribas Financial Markets lifted its stake in shares of IDEX by 17.1% in the third quarter. BNP Paribas Financial Markets now owns 131,972 shares of the industrial products company's stock valued at $28,308,000 after buying an additional 19,243 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in IDEX by 12.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,718 shares of the industrial products company's stock worth $12,166,000 after buying an additional 6,096 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analyst Weigh In

IEX has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Citigroup lowered their price target 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. Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, DA Davidson lowered their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $241.71.

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IDEX Trading Up 0.4 %

Shares of IEX stock traded up $0.74 during trading hours on Wednesday, reaching $181.89. The company had a trading volume of 116,418 shares, compared to its average volume of 526,543. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a 1-year low of $176.39 and a 1-year high of $242.09. The company has a 50 day moving average of $195.70 and a 200 day moving average of $209.23. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.98 and a beta of 0.99.

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 for the quarter, topping 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%. On average, equities research analysts anticipate that IDEX Co. will post 8.26 EPS for the current year.

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.