IDEX Co. (NYSE:IEX) Receives $241.71 Consensus Target Price from Analysts

Shares of IDEX Co. (NYSE:IEX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $241.71.

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price target 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 boosted their price objective on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, DA Davidson decreased their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th.

IDEX Trading Down 2.0 %

NYSE IEX traded down $3.72 during trading hours on Monday, hitting $178.18. 558,971 shares of the company's stock were exchanged, compared to its average volume of 565,174. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The firm has a market capitalization of $13.50 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The business's 50 day moving average is $203.70 and its 200-day moving average is $210.93. IDEX has a 12-month low of $177.71 and a 12-month high of $246.36.

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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 (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that IDEX will post 8.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IEX. Asset Management One Co. Ltd. raised its position in shares of IDEX by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after purchasing an additional 1,209 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in IDEX by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company's stock valued at $36,041,000 after acquiring an additional 4,465 shares in the last quarter. Cerity Partners LLC boosted its stake in IDEX by 48.3% during the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock valued at $4,426,000 after acquiring an additional 6,720 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in IDEX by 7.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company's stock worth $53,720,000 after acquiring an additional 16,504 shares in the last quarter. Finally, Covea Finance increased its position in shares of IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock worth $3,035,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors and hedge funds 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.