Massachusetts Financial Services Co. MA Acquires 14,209 Shares of IDEX Co. (NYSE:IEX)

Massachusetts Financial Services Co. MA boosted its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 187.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,799 shares of the industrial products company's stock after buying an additional 14,209 shares during the period. Massachusetts Financial Services Co. MA's holdings in IDEX were worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in IDEX by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock valued at $1,947,654,000 after acquiring an additional 63,432 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of IDEX by 49.1% during the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after purchasing an additional 1,388,667 shares during the period. State Street Corp grew its position in IDEX by 0.5% during the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock valued at $647,356,000 after purchasing an additional 15,077 shares in the last quarter. Geode Capital Management LLC increased its stake in IDEX by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock valued at $399,350,000 after buying an additional 21,758 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in IDEX by 6.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company's stock worth $339,103,000 after buying an additional 95,840 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

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IDEX Stock Up 0.8 %

Shares of NYSE:IEX traded up $1.26 on Friday, reaching $168.23. The company had a trading volume of 793,074 shares, compared to its average volume of 552,545. The stock has a market capitalization of $12.71 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.98 and a beta of 1.05. The stock has a 50-day moving average price of $185.17 and a 200 day moving average price of $206.47. IDEX Co. has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a quick ratio of 1.85, a current ratio of 2.53 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, topping the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, equities analysts expect that IDEX Co. will post 8.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IEX. DA Davidson dropped 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 $269.00 to $267.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada cut their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Three 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, the stock has an average rating of "Moderate Buy" and a consensus price target 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.