Corient Private Wealth LLC boosted its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 237.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,769 shares of the industrial products company's stock after purchasing an additional 180,601 shares during the period. Corient Private Wealth LLC owned approximately 0.34% of IDEX worth $53,740,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of IDEX during the third quarter valued at about $39,000. Jones Financial Companies Lllp increased its position in shares of IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 106 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of IDEX during the third quarter valued at about $86,000. Fred Alger Management LLC acquired a new position in shares of IDEX in the third quarter valued at approximately $89,000. Finally, Millburn Ridgefield Corp grew its holdings in shares of IDEX by 475.0% in the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 380 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.
IDEX Price Performance
NYSE IEX traded down $0.69 during trading hours on Thursday, reaching $183.89. The company's stock had a trading volume of 653,141 shares, compared to its average volume of 491,340. The stock has a market cap of $13.94 billion, a PE ratio of 27.65, a PEG ratio of 1.98 and a beta of 0.99. 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 company's 50-day moving average is $201.21 and its two-hundred day moving average is $210.18. IDEX Co. has a fifty-two week low of $177.71 and a fifty-two week high of $246.36.
IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data 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 net margin of 15.45% and a return on equity of 16.08%. Analysts forecast that IDEX Co. will post 8.26 EPS for the current year.
Wall Street Analyst Weigh In
IEX has been the subject of a number of research reports. DA Davidson dropped their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. 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 lifted their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Citigroup decreased their price target 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $241.71.
View Our Latest Analysis on IDEX
About IDEX
(
Free Report)
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.
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