1,720 Shares in IDEX Co. (NYSE:IEX) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in IDEX Co. (NYSE:IEX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,720 shares of the industrial products company's stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Asset Management One Co. Ltd. increased its stake in shares of IDEX by 4.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock worth $6,386,000 after buying an additional 1,209 shares during the period. Assetmark Inc. increased its position in shares of IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 235 shares during the last quarter. Covea Finance raised its holdings 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 purchasing an additional 6,000 shares in the last quarter. Barclays PLC lifted its position in shares of IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock worth $252,603,000 after purchasing an additional 14,360 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of IDEX by 27.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company's stock worth $488,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IDEX stock traded down $4.53 during trading on Monday, reaching $159.42. The company's stock had a trading volume of 52,018 shares, compared to its average volume of 556,961. The firm has a market cap of $12.04 billion, a PE ratio of 23.97, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a 50-day moving average price of $182.08 and a two-hundred day moving average price of $204.78. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a fifty-two week low of $153.36 and a fifty-two week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) 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, analysts forecast that IDEX Co. will post 8.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IEX. Stifel Nicolaus decreased their price target on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup lowered their price target on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada cut their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report 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 for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $223.14.

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.