National Bank of Canada FI Sells 3,608 Shares of IDEX Co. (NYSE:IEX)

National Bank of Canada FI decreased its position in IDEX Co. (NYSE:IEX - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,875 shares of the industrial products company's stock after selling 3,608 shares during the quarter. National Bank of Canada FI's holdings in IDEX were worth $7,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IEX. Wellington Management Group LLP increased 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 buying an additional 1,388,667 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in IDEX by 4.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,128 shares of the industrial products company's stock valued at $655,000 after purchasing an additional 127 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in IDEX in the 4th quarter valued at $448,000. Allstate Corp acquired a new position in IDEX in the fourth quarter worth $489,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of IDEX by 6.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company's stock worth $339,103,000 after purchasing an additional 95,840 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IEX. DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Citigroup decreased their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $241.71.

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IDEX Stock Down 5.1 %

Shares of IEX traded down $8.92 on Thursday, hitting $164.88. The company's stock had a trading volume of 181,104 shares, compared to its average volume of 547,214. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.98 and a beta of 1.05. The firm's fifty day moving average price is $187.22 and its 200-day moving average price is $207.07. IDEX Co. has a fifty-two week low of $153.36 and a fifty-two week high of $240.08.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.45% and a return on equity of 16.08%. On average, equities research analysts expect that IDEX Co. will post 8.26 EPS for the current year.

About IDEX

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.