IDEX Co. (NYSE:IEX) Receives $241.00 Consensus PT from Analysts

IDEX Co. (NYSE:IEX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $241.00.

Several research firms recently weighed in on IEX. Citigroup dropped 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. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus lifted their price objective on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Robert W. Baird dropped their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st.

IDEX Stock Performance

NYSE:IEX traded up $2.18 during mid-day trading on Thursday, hitting $195.21. 644,030 shares of the stock were exchanged, compared to its average volume of 482,422. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. The firm's 50-day simple moving average is $212.78 and its 200 day simple moving average is $211.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.11 and a current ratio of 2.53. IDEX has a fifty-two week low of $189.51 and a fifty-two week high of $246.36.

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, 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%. As a group, equities analysts anticipate that IDEX will post 8.37 EPS for the current fiscal year.

Hedge Funds Weigh In On IDEX

Hedge funds and other institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC increased its stake in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. bought a new position in shares of IDEX in the 3rd quarter valued at $39,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 100 shares during the last quarter. Quarry LP bought a new position in shares of IDEX in the 4th quarter valued at $49,000. Finally, Jones Financial Companies Lllp grew its position in IDEX by 35.2% during 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. Institutional investors own 97.96% of the company's stock.

IDEX Company 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.