Independent Advisor Alliance Has $2.79 Million Position in IDEX Co. (NYSE:IEX)

Independent Advisor Alliance lowered its position in IDEX Co. (NYSE:IEX - Free Report) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,346 shares of the industrial products company's stock after selling 3,430 shares during the period. Independent Advisor Alliance's holdings in IDEX were worth $2,793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IEX. State Street Corp lifted its position in shares of IDEX by 0.5% during the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock worth $647,356,000 after purchasing an additional 15,077 shares in the last quarter. Wellington Management Group LLP boosted its holdings in IDEX by 108.4% in the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock valued at $607,234,000 after acquiring an additional 1,472,456 shares during the last quarter. Geode Capital Management LLC raised its holdings in IDEX by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company's stock worth $404,339,000 after purchasing an additional 23,388 shares during the last quarter. Champlain Investment Partners LLC lifted its position in IDEX by 28.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company's stock valued at $262,479,000 after purchasing an additional 273,460 shares during the period. Finally, Barclays PLC boosted its stake in shares of IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after purchasing an additional 14,360 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. DA Davidson cut their price target on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada lowered their target price 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. Stifel Nicolaus lifted their target price on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Citigroup cut their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $241.71.

IDEX Stock Up 2.4 %

IEX stock traded up $4.24 during mid-day trading on Friday, reaching $182.47. The company had a trading volume of 554,632 shares, compared to its average volume of 490,012. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 52 week low of $177.71 and a 52 week high of $246.36. The stock has a 50 day simple moving average of $202.65 and a two-hundred day simple moving average of $210.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating analysts' consensus estimates 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.

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.