Hahn Capital Management LLC Grows Stake in IDEX Co. (NYSE:IEX)

Hahn Capital Management LLC increased its position in IDEX Co. (NYSE:IEX - Free Report) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,540 shares of the industrial products company's stock after buying an additional 1,786 shares during the quarter. IDEX accounts for approximately 0.5% of Hahn Capital Management LLC's investment portfolio, making the stock its 28th largest position. Hahn Capital Management LLC's holdings in IDEX were worth $1,159,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Studio Investment Management LLC grew its stake in shares of 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 raised its stake in IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock worth $254,000 after buying an additional 48 shares during the period. Albert D Mason Inc. boosted 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 acquiring an additional 56 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of 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 raised its position in shares of IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock worth $1,300,000 after purchasing an additional 59 shares during the period. Institutional investors own 97.96% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. DA Davidson dropped their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada dropped their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup decreased 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. Finally, Stifel Nicolaus raised their price objective on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and an average price target of $241.71.

IDEX Stock Performance

Shares of NYSE:IEX traded down $5.69 during midday trading on Monday, reaching $188.64. The company had a trading volume of 617,311 shares, compared to its average volume of 530,725. IDEX Co. has a 52-week low of $188.11 and a 52-week high of $246.36. The company's 50 day moving average price is $207.62 and its 200 day moving average price is $211.74. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The stock has a market cap of $14.30 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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, sell-side analysts anticipate that IDEX Co. will post 8.26 EPS for the current fiscal year.

About IDEX

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.