M&T Bank Corp Has $4.73 Million Stock Holdings in IDEX Co. (NYSE:IEX)

M&T Bank Corp grew its position in IDEX Co. (NYSE:IEX - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,594 shares of the industrial products company's stock after purchasing an additional 1,660 shares during the period. M&T Bank Corp's holdings in IDEX were worth $4,729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of IDEX by 0.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 35,343 shares of the industrial products company's stock valued at $7,581,000 after buying an additional 95 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of IDEX by 8.4% in the third quarter. QRG Capital Management Inc. now owns 9,554 shares of the industrial products company's stock valued at $2,049,000 after purchasing an additional 737 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 59 shares during the period. Principal Financial Group Inc. lifted its position in shares of IDEX by 3.0% in the third quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company's stock worth $20,557,000 after purchasing an additional 2,820 shares in the last quarter. Finally, Rovin Capital UT ADV purchased a new stake in IDEX in the 3rd quarter worth approximately $283,000. 97.96% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

IEX has been the subject of several recent research reports. Citigroup decreased their target price on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada cut their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. DA Davidson reduced 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. Finally, Stifel Nicolaus boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $241.71.

IDEX Price Performance

NYSE:IEX traded down $1.10 during mid-day trading on Tuesday, hitting $185.13. The company's stock had a trading volume of 878,773 shares, compared to its average volume of 566,641. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $204.73 and a 200-day moving average of $211.26. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a fifty-two week low of $181.09 and a fifty-two week high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal 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.