Bank Julius Baer & Co. Ltd Zurich raised its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,143 shares of the industrial products company's stock after acquiring an additional 8,888 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.09% of IDEX worth $14,837,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in IDEX by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock worth $6,386,000 after purchasing an additional 1,209 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of IDEX by 2.7% in 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 during the period. Cerity Partners LLC lifted its stake in shares of IDEX by 48.3% during the 3rd 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in IDEX by 7.1% during 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 during the period. Finally, Covea Finance grew its position in 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 during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.
IDEX Stock Down 1.5 %
NYSE:IEX traded down $2.81 during trading hours on Wednesday, reaching $181.96. The company's stock had a trading volume of 494,290 shares, compared to its average volume of 565,307. The stock has a 50 day moving average price of $204.24 and a two-hundred day moving average price of $211.13. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The company has a market capitalization of $13.79 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. IDEX Co. has a 12 month low of $181.09 and a 12 month high of $246.36.
IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. Equities analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on IEX. Royal Bank of Canada decreased their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Citigroup decreased their price objective 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. DA Davidson dropped 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. Finally, Stifel Nicolaus lifted their price target on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and an average target price of $241.71.
Check Out Our Latest Analysis on IDEX
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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