Wellington Management Group LLP Acquires 1,388,667 Shares of IDEX Co. (NYSE:IEX)

Wellington Management Group LLP boosted its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 49.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,219,596 shares of the industrial products company's stock after acquiring an additional 1,388,667 shares during the quarter. Wellington Management Group LLP owned 5.57% of IDEX worth $883,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its holdings in IDEX by 4.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,128 shares of the industrial products company's stock worth $655,000 after acquiring an additional 127 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of IDEX during the fourth quarter worth about $448,000. Allstate Corp bought a new stake in shares of IDEX in the fourth quarter worth about $489,000. Pictet Asset Management Holding SA increased its holdings in IDEX by 6.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company's stock valued at $339,103,000 after purchasing an additional 95,840 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in IDEX by 0.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 22,066 shares of the industrial products company's stock valued at $4,618,000 after purchasing an additional 108 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

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IDEX Stock Down 3.8 %

Shares of NYSE:IEX traded down $6.35 during midday trading on Friday, reaching $162.33. The company's stock had a trading volume of 1,053,470 shares, compared to its average volume of 534,817. IDEX Co. has a 12-month low of $160.13 and a 12-month high of $241.97. The firm has a market capitalization of $12.26 billion, a P/E ratio of 24.41, a PEG ratio of 1.98 and a beta of 1.05. The firm has a 50 day moving average of $192.73 and a 200-day moving average of $208.52. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. On average, research analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IEX shares. Royal Bank of Canada reduced their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus lifted their price target on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Citigroup decreased their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a 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 note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $241.71.

About IDEX

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.