Gamco Investors INC. ET AL Sells 1,525 Shares of IDEX Co. (NYSE:IEX)

Gamco Investors INC. ET AL lowered its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,976 shares of the industrial products company's stock after selling 1,525 shares during the quarter. Gamco Investors INC. ET AL owned about 0.24% of IDEX worth $37,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of IDEX by 49.1% during the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock valued at $883,119,000 after purchasing an additional 1,388,667 shares in the last quarter. Norges Bank purchased a new position in shares of IDEX in the 4th quarter worth about $217,658,000. Allianz Asset Management GmbH grew its position in IDEX by 133.2% during the 4th quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company's stock valued at $85,105,000 after purchasing an additional 232,255 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of IDEX by 237.1% in the fourth quarter. Corient Private Wealth LLC now owns 256,769 shares of the industrial products company's stock worth $53,740,000 after buying an additional 180,601 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in IDEX in the 4th quarter valued at approximately $35,375,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut 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. DA Davidson cut their price target on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased their price objective on IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, IDEX has an average rating of "Moderate Buy" and a consensus target price of $223.14.

IDEX Price Performance

IEX traded down $0.31 during trading on Friday, reaching $163.77. 863,892 shares of the company traded hands, compared to its average volume of 558,964. 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 fifty day simple moving average of $182.08 and a 200 day simple moving average of $204.82. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $238.22. The company has a market cap of $12.37 billion, a P/E ratio of 24.63, a PEG ratio of 1.98 and a beta of 1.05.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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%. On average, equities analysts forecast that IDEX Co. will post 8.26 EPS for the current year.

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.