IDEX Co. (NYSE:IEX) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in IDEX Co. (NYSE:IEX - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640,183 shares of the industrial products company's stock after buying an additional 9,740 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.85% of IDEX worth $133,984,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Studio Investment Management LLC increased its position in shares of IDEX by 4.9% during the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock worth $205,000 after purchasing an additional 45 shares in the last quarter. Bleakley Financial Group LLC grew its stake in IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock worth $254,000 after buying an additional 48 shares during the last quarter. Albert D Mason Inc. increased its position 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 buying an additional 56 shares during the period. Catalyst Capital Advisors LLC lifted its stake in IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after buying an additional 59 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of IDEX by 1.0% in the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after acquiring an additional 59 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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IDEX Stock Performance

Shares of IDEX stock traded down $1.10 on Tuesday, reaching $185.13. 878,773 shares of the stock were exchanged, compared to its average volume of 566,641. 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 firm has a market capitalization of $14.03 billion, a PE ratio of 27.84, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 1-year low of $181.09 and a 1-year high of $246.36. The business has a fifty day moving average price of $204.73 and a two-hundred day moving average price of $211.26.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. As a group, research analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on IEX. DA Davidson cut their target price 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 dropped their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada dropped their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and a consensus target price of $241.71.

About IDEX

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.