Curi RMB Capital LLC Buys 21,138 Shares of IDEX Co. (NYSE:IEX)

Curi RMB Capital LLC lifted its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,573 shares of the industrial products company's stock after buying an additional 21,138 shares during the period. Curi RMB Capital LLC owned about 0.12% of IDEX worth $18,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after buying an additional 106 shares in the last quarter. Assetmark Inc. boosted its position in shares of IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 235 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in IDEX in the fourth quarter worth $105,000. BankPlus Trust Department purchased a new position in IDEX during the fourth quarter valued at $123,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of IDEX by 49.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $123,000 after buying an additional 196 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

IEX stock traded up $4.48 during trading on Thursday, hitting $171.63. 348,723 shares of the company's stock traded hands, compared to its average volume of 562,236. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.98 and a beta of 1.05. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. 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 business has a fifty day simple moving average of $180.33 and a 200 day simple moving average of $203.91.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly 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 expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IEX shares. Citigroup lowered their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus reduced their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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 note on Thursday, February 6th. Finally, DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, IDEX currently has an average rating of "Moderate Buy" and a consensus price target of $223.14.

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.