Barclays PLC Buys 16,480 Shares of IDEX Co. (NYSE:IEX)

Barclays PLC grew its position in IDEX Co. (NYSE:IEX - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,194,125 shares of the industrial products company's stock after buying an additional 16,480 shares during the period. Barclays PLC owned 1.58% of IDEX worth $249,922,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. 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 acquiring an additional 1,209 shares during the last quarter. Assetmark Inc. grew its stake in shares of IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares during the period. Covea Finance increased its holdings in IDEX by 70.6% in the fourth 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 during the last quarter. Park Avenue Securities LLC lifted its stake in IDEX by 27.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company's stock valued at $488,000 after buying an additional 495 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in IDEX during the third quarter worth about $1,514,000. Institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IEX shares. Stifel Nicolaus lowered their price target on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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 research note on Wednesday, February 19th. Citigroup reduced their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada lowered their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus price target of $223.14.

IDEX Stock Down 0.2 %

Shares of IEX stock traded down $0.31 during trading hours on Friday, hitting $163.77. 863,892 shares of the company were exchanged, compared to its average volume of 558,964. The company has a market capitalization of $12.37 billion, a PE ratio of 24.63, a PEG ratio of 1.98 and a beta of 1.05. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. The business has a 50 day moving average of $182.08 and a two-hundred day moving average 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 (NYSE:IEX - Get Free Report) last released 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%. Analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

IDEX 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.