IDEX Co. (NYSE:IEX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in IDEX Co. (NYSE:IEX - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,912,933 shares of the industrial products company's stock after purchasing an additional 21,758 shares during the quarter. Geode Capital Management LLC owned about 2.53% of IDEX worth $399,350,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IEX. Jones Financial Companies Lllp increased its stake in IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after acquiring an additional 106 shares during the last quarter. Assetmark Inc. lifted its stake in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after acquiring an additional 235 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of IDEX during the fourth quarter valued at approximately $123,000. EverSource Wealth Advisors LLC increased its stake in shares of IDEX by 49.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $123,000 after buying an additional 196 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of IDEX by 416.0% during the fourth quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock valued at $129,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

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IDEX Stock Performance

IEX stock traded down $9.60 during trading on Thursday, hitting $164.21. 255,031 shares of the company traded hands, compared to its average volume of 609,836. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock's 50-day simple moving average is $187.22 and its 200 day simple moving average is $207.07. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22. The company has a market cap of $12.40 billion, a PE ratio of 24.69, a P/E/G ratio of 1.98 and a beta of 1.05.

IDEX (NYSE:IEX - Get Free Report) last issued 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 return on equity of 16.08% and a net margin of 15.45%. On average, equities analysts expect that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IEX shares. Royal Bank of Canada cut their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. DA Davidson cut their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup lowered their price target on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.