IDEX Co. (NYSE:IEX) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,884 shares of the industrial products company's stock after selling 2,151 shares during the quarter. Natixis Advisors LLC's holdings in IDEX were worth $7,301,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position in IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock worth $6,386,000 after purchasing an additional 1,209 shares during the period. Cerity Partners LLC boosted its position in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock worth $4,426,000 after buying an additional 6,720 shares during the period. Assetmark Inc. grew its stake in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after buying an additional 235 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in IDEX by 7.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company's stock worth $53,720,000 after acquiring an additional 16,504 shares in the last quarter. Finally, Covea Finance grew its position in IDEX by 70.6% in the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock valued at $3,035,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

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IDEX Stock Performance

NYSE:IEX traded down $0.77 during trading hours on Tuesday, reaching $184.33. 422,089 shares of the stock were exchanged, compared to its average volume of 495,769. IDEX Co. has a 52 week low of $177.71 and a 52 week high of $245.70. 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 stock has a market capitalization of $13.97 billion, a P/E ratio of 27.72, a P/E/G ratio of 1.98 and a beta of 0.99. The firm has a 50 day simple moving average of $199.73 and a 200-day simple moving average of $209.86.

IDEX (NYSE:IEX - Get Free Report) last released 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 net margin of 15.45% and a return on equity of 16.08%. As a group, sell-side analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

IEX has been the subject of several analyst 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 note on Monday, January 13th. Royal Bank of Canada decreased 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. DA Davidson dropped 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. Finally, Stifel Nicolaus increased their price target on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.