Marshall Wace LLP Sells 61,909 Shares of IDEX Co. (NYSE:IEX)

Marshall Wace LLP decreased its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,159 shares of the industrial products company's stock after selling 61,909 shares during the quarter. Marshall Wace LLP owned 0.47% of IDEX worth $74,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of IEX. Bleakley Financial Group LLC raised its position in shares of IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after buying an additional 48 shares in the last quarter. Albert D Mason Inc. boosted its position in IDEX by 1.3% during the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after buying an additional 56 shares during the period. Diversified Trust Co grew its position in shares of IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock worth $1,300,000 after buying an additional 59 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its stake in shares of IDEX by 2.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after purchasing an additional 60 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its holdings in shares of IDEX by 3.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company's stock worth $381,000 after acquiring an additional 63 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IEX has been the subject of several research reports. DA Davidson decreased their price target 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. 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 research note on Thursday, February 6th. Citigroup reduced their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus decreased their target price on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three equities research 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $223.14.

IDEX Stock Performance

IDEX stock traded up $4.22 during midday trading on Tuesday, hitting $164.88. The stock had a trading volume of 97,786 shares, compared to its average volume of 557,381. The company has a market capitalization of $12.46 billion, a PE ratio of 24.79, 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 firm's fifty day moving average is $181.42 and its two-hundred day moving average is $204.43. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.

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

IDEX Company 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.