IDEX Co. (NYSE:IEX) Holdings Decreased by Primecap Management Co. CA

Primecap Management Co. CA trimmed its holdings in IDEX Co. (NYSE:IEX - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283,270 shares of the industrial products company's stock after selling 11,225 shares during the period. Primecap Management Co. CA owned 0.37% of IDEX worth $59,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Studio Investment Management LLC lifted its stake in shares of IDEX by 4.9% in the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 45 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of IDEX by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 48 shares in the last quarter. Albert D Mason Inc. lifted its stake in shares of IDEX by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after purchasing an additional 56 shares in the last quarter. Diversified Trust Co lifted its stake in shares of IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after purchasing an additional 59 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC lifted its stake in shares of IDEX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after purchasing an additional 60 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

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IDEX Stock Down 0.9 %

IEX stock traded down $1.72 during midday trading on Friday, hitting $182.02. 1,170,475 shares of the company's stock were exchanged, compared to its average volume of 494,331. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a 12-month low of $177.71 and a 12-month high of $246.36. The firm has a 50 day moving average price of $200.23 and a 200-day moving average price of $209.82. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

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

Wall Street Analyst Weigh In

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

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.