IDEX Co. (NYSE:IEX) Shares Sold by Amundi

Amundi cut its stake in IDEX Co. (NYSE:IEX - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,012,896 shares of the industrial products company's stock after selling 631,055 shares during the period. Amundi owned about 1.34% of IDEX worth $211,817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IEX. State Street Corp grew its holdings in IDEX by 0.5% during the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock worth $647,356,000 after acquiring an additional 15,077 shares in the last quarter. Wellington Management Group LLP grew its holdings in IDEX by 108.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock worth $607,234,000 after acquiring an additional 1,472,456 shares in the last quarter. Geode Capital Management LLC grew its holdings in IDEX by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company's stock worth $404,339,000 after acquiring an additional 23,388 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in IDEX by 28.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company's stock worth $262,479,000 after acquiring an additional 273,460 shares in the last quarter. Finally, Barclays PLC grew its holdings in IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock worth $252,603,000 after acquiring an additional 14,360 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

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IDEX Stock Performance

Shares of IDEX stock traded down $3.72 during midday trading on Thursday, hitting $178.18. The company had a trading volume of 558,971 shares, compared to its average volume of 565,174. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.98 and a beta of 0.99. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $203.70 and a 200 day simple moving average of $210.93. IDEX Co. has a 12-month low of $177.71 and a 12-month high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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 predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus increased their price target on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Citigroup decreased their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada decreased their price target 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $241.71.

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.