IDEX Co. (NYSE:IEX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of IDEX Co. (NYSE:IEX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $241.71.

Several equities research analysts have weighed in on IEX shares. Royal Bank of Canada lowered their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. DA Davidson reduced their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

IDEX Stock Up 7.4 %

NYSE:IEX traded up $12.05 during trading hours on Friday, reaching $173.99. The company's stock had a trading volume of 1,198,071 shares, compared to its average volume of 548,534. The stock has a 50 day moving average price of $187.22 and a two-hundred day moving average price of $207.07. 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 company has a market capitalization of $13.14 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. IDEX has a 12 month low of $153.36 and a 12 month high of $240.08.

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IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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%. Equities analysts predict 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 the company. Bleakley Financial Group LLC raised its position 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 last quarter. Albert D Mason Inc. raised its holdings in shares of IDEX by 1.3% during the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock worth $948,000 after purchasing an additional 56 shares during the last quarter. Diversified Trust Co lifted its position in IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after purchasing an additional 59 shares during the period. Blackston Financial Advisory Group LLC boosted its holdings in IDEX by 2.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after purchasing an additional 60 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in IDEX by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after purchasing an additional 61 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

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.