Johnson Investment Counsel Inc. Acquires 163,283 Shares of IDEX Co. (NYSE:IEX)

Johnson Investment Counsel Inc. boosted its position in IDEX Co. (NYSE:IEX - Free Report) by 178.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,842 shares of the industrial products company's stock after acquiring an additional 163,283 shares during the quarter. Johnson Investment Counsel Inc. owned 0.34% of IDEX worth $53,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of IDEX during the 3rd quarter valued at about $39,000. Brooklyn Investment Group purchased a new stake in IDEX in the third quarter worth approximately $86,000. Jones Financial Companies Lllp grew its position in IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 106 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of IDEX during the third quarter worth approximately $89,000. Finally, Millburn Ridgefield Corp lifted its holdings in shares of IDEX by 475.0% in the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock worth $99,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Trading Down 2.0 %

Shares of IEX stock traded down $3.72 during trading hours on Thursday, reaching $178.18. The company's stock had a trading volume of 558,971 shares, compared to its average volume of 565,174. The firm's fifty day simple moving average is $203.70 and its 200 day simple moving average is $210.93. IDEX Co. has a one year low of $177.71 and a one year high of $246.36. The stock has a market capitalization of $13.50 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.

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IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS 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%. Equities research analysts expect that IDEX Co. will post 8.26 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.