B. Metzler seel. Sohn & Co. AG Decreases Stake in IDEX Co. (NYSE:IEX)

B. Metzler seel. Sohn & Co. AG decreased its stake in IDEX Co. (NYSE:IEX - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,680 shares of the industrial products company's stock after selling 2,220 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in IDEX were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IEX. Wellington Management Group LLP grew its position in shares of IDEX by 49.1% in the 4th quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock valued at $883,119,000 after buying an additional 1,388,667 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in IDEX by 4.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,128 shares of the industrial products company's stock valued at $655,000 after acquiring an additional 127 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in IDEX during the 4th quarter valued at approximately $448,000. Allstate Corp bought a new position in IDEX during the 4th quarter worth approximately $489,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of IDEX by 6.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company's stock worth $339,103,000 after purchasing an additional 95,840 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Performance

IEX stock traded down $0.24 during midday trading on Monday, hitting $162.26. The company's stock had a trading volume of 990,735 shares, compared to its average volume of 536,720. IDEX Co. has a 1 year low of $153.96 and a 1 year high of $241.97. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.98 and a beta of 1.05. The stock's 50-day moving average price is $192.73 and its 200 day moving average price is $208.54. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

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IDEX (NYSE:IEX - Get Free Report) last posted 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 net margin of 15.45% and a return on equity of 16.08%. On average, equities analysts forecast that IDEX Co. will post 8.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IEX shares. DA Davidson decreased their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Citigroup lowered their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Royal Bank of Canada cut their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, 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 research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.