Callan Family Office LLC Buys New Shares in IDEX Co. (NYSE:IEX)

Callan Family Office LLC bought a new position in shares of IDEX Co. (NYSE:IEX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,644 shares of the industrial products company's stock, valued at approximately $1,391,000.

A number of other large investors have also modified their holdings of the business. Asset Management One Co. Ltd. boosted its position in 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 acquiring an additional 1,209 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position 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 valued at $36,041,000 after purchasing an additional 4,465 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock valued at $4,426,000 after purchasing an additional 6,720 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company's stock worth $53,720,000 after buying an additional 16,504 shares in the last quarter. Finally, Covea Finance boosted its stake in IDEX by 70.6% during the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock worth $3,035,000 after buying an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

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IDEX Trading Down 0.6 %

Shares of NYSE:IEX traded down $1.10 during mid-day trading on Tuesday, reaching $185.13. 878,773 shares of the company were exchanged, compared to its average volume of 566,854. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a 1 year low of $181.09 and a 1 year high of $246.36. The firm's 50-day simple moving average is $204.73 and its 200 day simple moving average is $211.26.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on IEX shares. Royal Bank of Canada dropped their price objective 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. Stifel Nicolaus raised their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently 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.