DF Dent & Co. Inc. Cuts Stock Position in IDEX Co. (NYSE:IEX)

DF Dent & Co. Inc. reduced its holdings in IDEX Co. (NYSE:IEX - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 143,554 shares of the industrial products company's stock after selling 4,451 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.19% of IDEX worth $30,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IEX. Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 106 shares during the last quarter. Assetmark Inc. raised its holdings 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 during the period. Millburn Ridgefield Corp lifted 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 worth $99,000 after buying an additional 380 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of IDEX in the fourth quarter worth $123,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of IDEX by 49.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $123,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

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IDEX Stock Up 1.4 %

IDEX stock traded up $2.34 during trading hours on Tuesday, hitting $165.27. The stock had a trading volume of 322,026 shares, compared to its average volume of 538,331. The stock has a market capitalization of $12.48 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $241.97. The stock's 50-day moving average price is $191.56 and its 200-day moving average price is $208.20.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts anticipate that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IEX. Citigroup decreased their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Stifel Nicolaus upped their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. DA Davidson lowered their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Three research 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 has a consensus rating of "Moderate Buy" and an average price target of $241.71.

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.