Aster Capital Management DIFC Ltd bought a new position in shares of IDEX Co. (NYSE:IEX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,394 shares of the industrial products company's stock, valued at approximately $710,000.
Several other large investors have also added to or reduced their stakes in IEX. Asset Management One Co. Ltd. raised its position in shares of IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after purchasing an additional 1,209 shares during the period. Assetmark Inc. increased its stake in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after buying an additional 235 shares in the last quarter. Covea Finance raised its holdings in IDEX by 70.6% during the fourth 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 during the period. Barclays PLC lifted its position in shares of IDEX by 1.2% in the third 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. Finally, Park Avenue Securities LLC boosted its stake in shares of IDEX by 27.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company's stock worth $488,000 after acquiring an additional 495 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.
Wall Street Analysts Forecast Growth
IEX has been the topic of several recent analyst reports. Citigroup decreased their target price on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. 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 report on Wednesday, February 19th. Finally, Royal Bank of Canada cut their target price 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and a consensus price target of $241.71.
View Our Latest Analysis on IDEX
IDEX Price Performance
IDEX stock traded up $2.13 during mid-day trading on Friday, reaching $169.10. 147,164 shares of the company's stock traded hands, compared to its average volume of 548,852. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $238.22. 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 stock has a 50 day moving average of $186.18 and a two-hundred day moving average of $206.75. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.98 and a beta of 1.05.
IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 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 forecast that IDEX Co. will post 8.26 earnings per share for the current year.
IDEX Company Profile
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Free Report)
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.
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