Maren Capital LLC trimmed its position in IDEX Co. (NYSE:IEX - Free Report) by 15.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,116 shares of the industrial products company's stock after selling 46,636 shares during the period. IDEX accounts for about 4.0% of Maren Capital LLC's investment portfolio, making the stock its 12th biggest holding. Maren Capital LLC owned about 0.33% of IDEX worth $51,928,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of 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 purchasing an additional 106 shares during the last quarter. Assetmark Inc. increased its position in IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after buying an additional 235 shares during the period. BankPlus Trust Department bought a new stake in IDEX in the fourth quarter valued at $123,000. EverSource Wealth Advisors LLC grew its position in shares of IDEX by 49.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $123,000 after acquiring an additional 196 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of IDEX by 416.0% during 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. Institutional investors and hedge funds own 97.96% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the stock. DA Davidson decreased their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Finally, Citigroup dropped their price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, IDEX currently has a consensus rating of "Moderate Buy" and an average target price of $241.71.
Check Out Our Latest Report on IDEX
IDEX Trading Up 0.8 %
NYSE IEX traded up $1.26 on Friday, hitting $168.23. 793,074 shares of the stock were exchanged, compared to its average volume of 552,545. The company's 50-day moving average price is $185.17 and its two-hundred day moving average price is $206.47. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.98 and a beta of 1.05. IDEX Co. has a 52-week low of $153.36 and a 52-week high of $238.22. 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, topping 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%. Research analysts predict that IDEX Co. will post 8.26 EPS for the current 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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