Cibc World Markets Corp Acquires 1,667 Shares of IDEX Co. (NYSE:IEX)

Cibc World Markets Corp lifted its holdings in IDEX Co. (NYSE:IEX - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,977 shares of the industrial products company's stock after acquiring an additional 1,667 shares during the quarter. Cibc World Markets Corp's holdings in IDEX were worth $2,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IEX. Jones Financial Companies Lllp grew its holdings in shares of IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after purchasing an additional 106 shares during the last quarter. Brooklyn Investment Group bought a new stake in IDEX during the 3rd quarter worth about $86,000. Assetmark Inc. increased its position in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 235 shares in the last quarter. Fred Alger Management LLC bought a new position in shares of IDEX in the third quarter worth about $89,000. Finally, Millburn Ridgefield Corp lifted its position in shares of IDEX by 475.0% during the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock worth $99,000 after purchasing an additional 380 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IEX shares. Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus upped their price target on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. 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. Finally, DA Davidson cut their target price 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and a consensus price target of $241.71.

Remove Ads

IDEX Trading Down 0.4 %

IEX stock traded down $0.77 during midday trading on Tuesday, hitting $184.33. 422,089 shares of the company's stock were exchanged, compared to its average volume of 495,769. IDEX Co. has a one year low of $177.71 and a one year high of $245.70. The stock's fifty day moving average price is $199.73 and its 200-day moving average price is $209.86. The company has a market cap of $13.97 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

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 (EPS) for the quarter, beating 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%. Research analysts predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

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.