IDEX Co. (NYSE:IEX) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in IDEX Co. (NYSE:IEX - Free Report) by 16.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,624 shares of the industrial products company's stock after selling 6,721 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in IDEX were worth $7,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after buying an additional 106 shares in the last quarter. Assetmark Inc. boosted its position in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 235 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of IDEX in the third quarter valued at about $89,000. Millburn Ridgefield Corp increased its position in IDEX by 475.0% during the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock worth $99,000 after purchasing an additional 380 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in IDEX during the fourth quarter worth about $123,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Trading Down 3.8 %

NYSE:IEX traded down $6.35 during trading hours on Friday, reaching $162.33. 1,053,470 shares of the stock were exchanged, compared to its average volume of 533,805. IDEX Co. has a twelve month low of $160.12 and a twelve month high of $241.97. The business has a 50-day moving average of $192.73 and a two-hundred day moving average of $208.49. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.98 and a beta of 1.05. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

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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 (EPS) 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 predict that IDEX Co. will post 8.26 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on IEX shares. Royal Bank of Canada dropped their price target 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. DA Davidson lowered their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Citigroup reduced 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, Stifel Nicolaus upped their price target on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $241.71.

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.