Quantbot Technologies LP Grows Stock Position in IDEX Co. (NYSE:IEX)

Quantbot Technologies LP boosted its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 161.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,103 shares of the industrial products company's stock after acquiring an additional 6,849 shares during the period. Quantbot Technologies LP's holdings in IDEX were worth $2,324,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of research reports. DA Davidson cut their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Royal Bank of Canada reduced their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Finally, Citigroup lowered their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.71.

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IDEX Stock Performance

IEX stock traded down $0.73 during midday trading on Thursday, hitting $184.02. 319,723 shares of the stock traded hands, compared to its average volume of 496,591. The stock's fifty day simple moving average is $198.53 and its 200-day simple moving average is $209.61. The firm has a market cap of $13.95 billion, a P/E ratio of 27.67, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 1-year low of $177.71 and a 1-year high of $245.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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%. On average, analysts expect that IDEX Co. will post 8.26 earnings per share for the current year.

IDEX 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.