Mirae Asset Global Investments Co. Ltd. lifted its position in IDEX Co. (NYSE:IEX - Free Report) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,025 shares of the industrial products company's stock after buying an additional 2,138 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in IDEX were worth $2,109,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Studio Investment Management LLC grew its position in IDEX by 4.9% in the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 45 shares during the last quarter. Albert D Mason Inc. grew its position in IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after acquiring an additional 56 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 59 shares during the last quarter. Diversified Trust Co grew its position in IDEX by 1.0% in the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after acquiring an additional 59 shares during the last quarter. Finally, Empirical Finance LLC grew its position in IDEX by 2.5% in the third quarter. Empirical Finance LLC now owns 2,486 shares of the industrial products company's stock valued at $533,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 97.96% of the company's stock.
IDEX Trading Down 0.4 %
Shares of IDEX stock traded down $0.72 during midday trading on Thursday, reaching $192.82. The company had a trading volume of 673,878 shares, compared to its average volume of 544,985. The stock has a fifty day moving average price of $213.47 and a 200 day moving average price of $211.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 2.11. The firm has a market cap of $14.60 billion, a PE ratio of 28.99, a P/E/G ratio of 1.98 and a beta of 0.97. IDEX Co. has a fifty-two week low of $189.51 and a fifty-two week high of $246.36.
IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, equities analysts anticipate that IDEX Co. will post 8.37 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on IEX shares. Royal Bank of Canada decreased their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird reduced their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, Citigroup reduced their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $241.00.
Check Out Our Latest Research Report on IEX
IDEX Company Profile
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Free Report)
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.
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