Aviva PLC cut its stake in IDEX Co. (NYSE:IEX - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,924 shares of the industrial products company's stock after selling 36,830 shares during the period. Aviva PLC owned approximately 0.06% of IDEX worth $9,611,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after buying an additional 106 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after acquiring an additional 235 shares during the period. BankPlus Trust Department bought a new stake in shares of IDEX in the 4th quarter valued at approximately $123,000. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in IDEX by 416.0% in the fourth quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock valued at $129,000 after buying an additional 495 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.
IDEX Trading Up 0.7 %
Shares of IEX stock traded up $1.26 during trading hours on Monday, reaching $169.77. The company had a trading volume of 66,072 shares, compared to its average volume of 551,346. IDEX Co. has a 1-year low of $153.36 and a 1-year high of $238.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a 50 day moving average of $185.17 and a 200 day moving average of $206.42.
IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that IDEX Co. will post 8.26 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on IEX. Royal Bank of Canada decreased 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. DA Davidson decreased their price target 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. Citigroup lowered their price target 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. Finally, Stifel Nicolaus decreased their price objective on IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $232.57.
Get Our Latest Analysis on IEX
About IDEX
(
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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