Generali Asset Management SPA SGR Takes $960,000 Position in IDEX Co. (NYSE:IEX)

Generali Asset Management SPA SGR bought a new position in shares of IDEX Co. (NYSE:IEX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,586 shares of the industrial products company's stock, valued at approximately $960,000.

Several other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of IDEX during the 3rd quarter valued at approximately $86,000. Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 106 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of IDEX in the 3rd quarter worth $89,000. Assetmark Inc. increased its holdings in shares of IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after buying an additional 235 shares during the last quarter. Finally, Millburn Ridgefield Corp raised its position in shares of IDEX by 475.0% during the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock valued at $99,000 after buying an additional 380 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Trading Down 0.4 %

IDEX stock traded down $0.77 during trading hours on Tuesday, hitting $184.33. The company had a trading volume of 425,300 shares, compared to its average volume of 495,769. The firm has a market cap of $13.97 billion, a P/E ratio of 27.72, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a 50-day moving average price of $199.73 and a two-hundred day moving average price of $209.86. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $245.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

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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 (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%. On average, sell-side analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup dropped their price target on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. DA Davidson dropped their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus increased their price target on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, 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 research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, IDEX has a consensus rating of "Moderate Buy" and a consensus target price 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.