IDEX Co. (NYSE:IEX) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 54.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,627 shares of the industrial products company's stock after purchasing an additional 4,100 shares during the period. Canada Pension Plan Investment Board's holdings in IDEX were worth $2,433,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted 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 valued at $6,386,000 after purchasing an additional 1,209 shares in the last quarter. Assetmark Inc. boosted its position in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 235 shares in the last quarter. Covea Finance increased 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 acquiring an additional 6,000 shares during the period. Barclays PLC raised its position in shares of IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock worth $252,603,000 after acquiring an additional 14,360 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of IDEX by 27.0% during the 4th 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 during the last quarter. Institutional investors own 97.96% of the company's stock.

IDEX Price Performance

IEX traded down $0.74 during trading on Friday, hitting $173.05. The company's stock had a trading volume of 603,144 shares, compared to its average volume of 565,983. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $179.43 and its 200 day simple moving average is $203.39. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.98 and a beta of 1.05. IDEX Co. has a twelve month low of $153.36 and a twelve month 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 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%. On average, equities research analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho set a $175.00 target price on shares of IDEX in a report on Tuesday. DA Davidson decreased their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Citigroup dropped their target price on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada decreased their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut their price objective on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.13.

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.