IDEX (NYSE:IEX) Sets New 1-Year Low - Should You Sell?

Shares of IDEX Co. (NYSE:IEX - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $182.31 and last traded at $181.66, with a volume of 44018 shares traded. The stock had previously closed at $186.23.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IEX. Citigroup dropped their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. DA Davidson dropped their target price 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 increased their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, IDEX presently has an average rating of "Moderate Buy" and an average target price of $241.71.

IDEX Price Performance

The stock's fifty day moving average is $204.73 and its 200-day moving average is $211.26. The stock has a market capitalization of $13.83 billion, a PE ratio of 27.46, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

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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, 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%. As a group, equities analysts predict that IDEX Co. 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 business. Siemens Fonds Invest GmbH raised its position in IDEX by 275.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 4,243 shares of the industrial products company's stock valued at $888,000 after purchasing an additional 3,113 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in IDEX in the 4th quarter valued at about $23,198,000. Mackenzie Financial Corp lifted its position in IDEX by 10.7% in the fourth quarter. Mackenzie Financial Corp now owns 6,976 shares of the industrial products company's stock valued at $1,460,000 after buying an additional 677 shares during the last quarter. Forum Financial Management LP purchased a new position in IDEX during the fourth quarter worth about $269,000. Finally, Orion Capital Management LLC acquired a new stake in shares of IDEX during the fourth quarter valued at about $86,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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