GW&K Investment Management LLC Has $78.40 Million Stock Position in IDEX Co. (NYSE:IEX)

GW&K Investment Management LLC raised its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,587 shares of the industrial products company's stock after acquiring an additional 2,745 shares during the quarter. GW&K Investment Management LLC owned approximately 0.49% of IDEX worth $78,397,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Studio Investment Management LLC grew its stake in IDEX by 4.9% in the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 45 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of 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 in the last quarter. Albert D Mason Inc. increased its holdings in IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock worth $948,000 after buying an additional 56 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 59 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in IDEX by 1.0% in the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Performance

Shares of NYSE IEX traded down $2.93 during trading hours on Tuesday, hitting $185.60. 762,594 shares of the company's stock were exchanged, compared to its average volume of 530,064. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.98 and a beta of 0.97. The company's 50-day moving average price is $207.18 and its 200-day moving average price is $211.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a 1-year low of $183.24 and a 1-year high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts' consensus estimates 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 expect that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

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