Kennedy Capital Management LLC lessened its stake in IDEX Co. (NYSE:IEX - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 54,199 shares of the industrial products company's stock after selling 1,606 shares during the quarter. Kennedy Capital Management LLC owned 0.07% of IDEX worth $11,343,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased 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 worth $85,000 after buying an additional 106 shares during the period. Assetmark Inc. boosted 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 worth $87,000 after acquiring an additional 235 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of IDEX in the fourth quarter valued at $123,000. EverSource Wealth Advisors LLC grew its position in shares of IDEX by 49.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $123,000 after purchasing an additional 196 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of IDEX by 416.0% in the fourth quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock worth $129,000 after acquiring an additional 495 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.
IDEX Stock Performance
Shares of NYSE IEX traded down $1.34 during mid-day trading on Wednesday, hitting $166.00. The company had a trading volume of 135,945 shares, compared to its average volume of 609,108. The firm has a market cap of $12.54 billion, a P/E ratio of 24.96, a PEG ratio of 1.98 and a beta of 1.05. 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 business's 50-day simple moving average is $183.98 and its 200-day simple moving average is $205.84. IDEX Co. has a 12 month low of $153.36 and a 12 month high of $238.22.
IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 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, analysts predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on IEX. DA Davidson cut their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Citigroup dropped their target price on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus decreased their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $223.14.
View Our Latest Stock Analysis on IEX
IDEX Company Profile
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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.
Further Reading
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