Cinctive Capital Management LP Invests $419,000 in IDEX Co. (NYSE:IEX)

Cinctive Capital Management LP purchased a new stake in IDEX Co. (NYSE:IEX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,000 shares of the industrial products company's stock, valued at approximately $419,000.

Several other large investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. raised its position in IDEX by 4.2% in 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 during the period. Assetmark Inc. raised its holdings in shares of IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after buying an additional 235 shares during the period. Covea Finance lifted its stake in IDEX by 70.6% during the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock worth $3,035,000 after acquiring an additional 6,000 shares in the last quarter. Barclays PLC lifted its stake in IDEX by 1.2% during 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 grew its position in IDEX by 27.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company's stock valued at $488,000 after acquiring an additional 495 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Up 0.3 %

NYSE:IEX traded up $0.44 during trading hours on Monday, hitting $162.93. The company's stock had a trading volume of 1,555,649 shares, compared to its average volume of 538,884. The stock has a market capitalization of $12.31 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. 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 stock has a fifty day moving average of $192.73 and a 200-day moving average of $208.54. IDEX Co. has a 52-week low of $153.96 and a 52-week high of $241.97.

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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 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 analysts forecast that IDEX Co. will post 8.26 earnings per share for the current year.

Analysts Set New Price Targets

IEX has been the topic of several research reports. Citigroup reduced their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research report 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 report on Wednesday, December 11th. Royal Bank of Canada dropped their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.