IDEX Co. (NYSE:IEX) Shares Acquired by Mirova

Mirova grew its stake in IDEX Co. (NYSE:IEX - Free Report) by 32.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,651 shares of the industrial products company's stock after purchasing an additional 6,218 shares during the period. IDEX makes up about 0.9% of Mirova's holdings, making the stock its 29th largest holding. Mirova's holdings in IDEX were worth $5,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in IEX. Jones Financial Companies Lllp raised its holdings in shares of IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after acquiring an additional 106 shares during the period. Assetmark Inc. increased its position in IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in IDEX during the fourth quarter worth about $105,000. BankPlus Trust Department acquired a new position in IDEX in the 4th quarter valued at about $123,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in IDEX by 49.7% in the 4th 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. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. DA Davidson reduced their target price on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Mizuho set a $175.00 price objective on IDEX in a research report on Tuesday. Finally, Stifel Nicolaus decreased their target price on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $217.13.

IDEX Stock Down 0.8 %

NYSE:IEX traded down $1.42 during midday trading on Friday, reaching $172.38. The company had a trading volume of 229,548 shares, compared to its average volume of 563,359. The stock's fifty day simple moving average is $179.90 and its 200-day simple moving average is $203.67. 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 Co. has a 12-month low of $153.36 and a 12-month high of $238.22. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.98 and a beta of 1.05.

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%. On average, sell-side analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

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.