Intech Investment Management LLC trimmed its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 69.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,130 shares of the industrial products company's stock after selling 9,583 shares during the period. Intech Investment Management LLC's holdings in IDEX were worth $864,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of IEX. Asset Management One Co. Ltd. raised its stake in IDEX by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after acquiring an additional 1,209 shares during the period. Cerity Partners LLC raised its position in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock valued at $4,426,000 after purchasing an additional 6,720 shares during the period. Assetmark Inc. lifted its stake in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after buying an additional 235 shares in the last quarter. Covea Finance grew its stake in IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock valued at $3,035,000 after buying an additional 6,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after acquiring an additional 14,360 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Citigroup decreased their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. DA Davidson reduced their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lowered 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $241.71.
Check Out Our Latest Research Report on IDEX
IDEX Price Performance
IEX stock traded down $0.73 during midday trading on Thursday, reaching $184.02. The company had a trading volume of 319,723 shares, compared to its average volume of 496,591. The firm has a 50-day moving average price of $198.53 and a 200-day moving average price of $209.61. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $245.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The company has a market capitalization of $13.95 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.98 and a beta of 0.99.
IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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, research analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.
About IDEX
(
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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