IDEX (NYSE:IEX) Price Target Lowered to $192.00 at Stifel Nicolaus

IDEX (NYSE:IEX - Get Free Report) had its price objective lowered by investment analysts at Stifel Nicolaus from $256.00 to $192.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target points to a potential upside of 17.24% from the company's current price.

Several other equities analysts have also weighed in on IEX. Citigroup reduced 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. 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 note on Thursday, February 6th. Finally, DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $223.14.

IDEX Trading Down 0.2 %

Shares of IDEX stock traded down $0.31 on Monday, hitting $163.77. The stock had a trading volume of 863,892 shares, compared to its average volume of 557,706. IDEX has a twelve month low of $153.36 and a twelve month high of $238.22. 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 firm has a market capitalization of $12.37 billion, a P/E ratio of 24.63, a PEG ratio of 1.98 and a beta of 1.05. The stock has a 50 day moving average of $182.08 and a 200 day moving average of $204.86.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data 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 net margin of 15.45% and a return on equity of 16.08%. Sell-side analysts expect that IDEX will post 8.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC boosted its position in shares of IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 48 shares during the period. Albert D Mason Inc. increased its holdings in shares of IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock worth $948,000 after purchasing an additional 56 shares during the period. Diversified Trust Co boosted its stake in IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after buying an additional 59 shares during the period. Blackston Financial Advisory Group LLC grew its position in IDEX by 2.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock worth $481,000 after buying an additional 60 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

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.