IDEX Co. (NYSE:IEX) Shares Sold by National Pension Service

National Pension Service reduced its position in IDEX Co. (NYSE:IEX - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,264 shares of the industrial products company's stock after selling 4,986 shares during the period. National Pension Service owned about 0.16% of IDEX worth $25,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its position in shares of IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock worth $30,000 after acquiring an additional 59 shares during the period. Assetmark Inc. acquired a new position in IDEX in the 3rd quarter worth about $39,000. Brooklyn Investment Group purchased a new position in IDEX during the third quarter worth approximately $86,000. Fred Alger Management LLC acquired a new stake in IDEX in the third quarter valued at approximately $89,000. Finally, Millburn Ridgefield Corp increased its position in shares of IDEX by 475.0% in the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock valued at $99,000 after buying an additional 380 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Price Performance

Shares of NYSE:IEX traded up $2.68 during midday trading on Wednesday, hitting $188.56. The company's stock had a trading volume of 1,013,889 shares, compared to its average volume of 548,140. IDEX Co. has a 12-month low of $183.24 and a 12-month high of $246.36. The company has a market cap of $14.29 billion, a P/E ratio of 28.35, 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. The business's 50 day simple moving average is $206.17 and its 200 day simple moving average is $211.45.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IEX shares. Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup decreased their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, IDEX 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.