Fisher Asset Management LLC Grows Stock Holdings in IDEX Co. (NYSE:IEX)

Fisher Asset Management LLC raised its holdings in IDEX Co. (NYSE:IEX - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 663,902 shares of the industrial products company's stock after buying an additional 4,896 shares during the period. Fisher Asset Management LLC owned approximately 0.88% of IDEX worth $138,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Studio Investment Management LLC boosted its position in IDEX by 4.9% in the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after buying an additional 45 shares during the period. Bleakley Financial Group LLC boosted its position in IDEX by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after buying an additional 48 shares during the period. Albert D Mason Inc. boosted its position in IDEX by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after buying an additional 56 shares during the period. Catalyst Capital Advisors LLC boosted its position in IDEX by 73.8% in the 3rd 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 period. Finally, Diversified Trust Co boosted its position in IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

NYSE IEX traded up $2.68 during trading on Wednesday, reaching $188.56. The company's stock had a trading volume of 1,013,889 shares, compared to its average volume of 548,140. 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 firm has a market cap of $14.29 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a twelve month low of $183.24 and a twelve month high of $246.36. The business's fifty day moving average price is $206.17 and its 200-day moving average price is $211.45.

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 net margin of 15.45% and a return on equity of 16.08%. As a group, analysts anticipate that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. DA Davidson decreased 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. Stifel Nicolaus lifted their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Citigroup decreased their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada decreased their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.