NFJ Investment Group LLC grew its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 69.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,246 shares of the industrial products company's stock after purchasing an additional 8,307 shares during the quarter. NFJ Investment Group LLC's holdings in IDEX were worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of IDEX by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock worth $1,947,654,000 after purchasing an additional 63,432 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of IDEX by 49.1% during the 4th quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after buying an additional 1,388,667 shares during the period. Geode Capital Management LLC increased its position in shares of IDEX by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock worth $399,350,000 after purchasing an additional 21,758 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of IDEX by 6.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company's stock worth $339,103,000 after buying an additional 95,840 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of IDEX by 1.4% in the fourth quarter. Barclays PLC now owns 1,194,125 shares of the industrial products company's stock valued at $249,922,000 after buying an additional 16,480 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.
IDEX Stock Performance
NYSE IEX traded up $4.19 on Tuesday, reaching $164.85. The stock had a trading volume of 97,786 shares, compared to its average volume of 613,423. 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 firm has a fifty day moving average of $181.42 and a two-hundred day moving average of $204.43. 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 $12.45 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05.
IDEX (NYSE:IEX - Get Free Report) last released its quarterly 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%. On average, equities research analysts anticipate that IDEX Co. will post 8.26 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Citigroup lowered their price target 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. Stifel Nicolaus reduced their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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. Finally, 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 research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $223.14.
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About IDEX
(
Free Report)
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.
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