California Public Employees Retirement System Sells 30,917 Shares of IDEX Co. (NYSE:IEX)

California Public Employees Retirement System lessened its stake in IDEX Co. (NYSE:IEX - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,492 shares of the industrial products company's stock after selling 30,917 shares during the quarter. California Public Employees Retirement System owned approximately 0.26% of IDEX worth $40,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC lifted its stake in IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 48 shares during the last quarter. Albert D Mason Inc. grew its holdings in IDEX by 1.3% during the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock worth $948,000 after purchasing an additional 56 shares during the period. Diversified Trust Co grew its holdings in IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock worth $1,300,000 after purchasing an additional 59 shares during the period. Blackston Financial Advisory Group LLC raised its stake in IDEX by 2.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after buying an additional 60 shares during the period. Finally, Signal Advisors Wealth LLC raised its stake in IDEX by 3.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company's stock valued at $381,000 after buying an additional 63 shares during the period. 97.96% of the stock is owned by institutional investors.

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IDEX Stock Performance

NYSE:IEX traded up $0.44 during mid-day trading on Monday, reaching $162.93. 1,555,649 shares of the company's stock were exchanged, compared to its average volume of 539,116. IDEX Co. has a one year low of $153.36 and a one year high of $241.97. 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 business's fifty day simple moving average is $191.56 and its two-hundred day simple moving average is $208.20. The firm has a market capitalization of $12.31 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on IEX shares. Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. DA Davidson decreased their price objective 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. Citigroup cut their target price on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada reduced their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $241.71.

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.