IDEX Co. (NYSE:IEX) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,803 shares of the industrial products company's stock after selling 2,851 shares during the period. New York State Teachers Retirement System owned about 0.07% of IDEX worth $11,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its stake in IDEX by 69.9% in the fourth quarter. Vontobel Holding Ltd. now owns 28,975 shares of the industrial products company's stock worth $6,064,000 after acquiring an additional 11,925 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of IDEX by 4.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after purchasing an additional 1,209 shares in the last quarter. WCM Investment Management LLC bought a new position in IDEX in the fourth quarter worth approximately $215,000. Empowered Funds LLC raised its stake in IDEX by 22.9% in the fourth quarter. Empowered Funds LLC now owns 1,592 shares of the industrial products company's stock worth $333,000 after buying an additional 297 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in IDEX by 61.2% during the fourth quarter. Vest Financial LLC now owns 11,530 shares of the industrial products company's stock worth $2,413,000 after buying an additional 4,376 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Performance

Shares of NYSE:IEX traded down $3.11 on Friday, hitting $192.96. 377,276 shares of the company were exchanged, compared to its average volume of 533,679. The firm has a market capitalization of $14.61 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. 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 1-year low of $189.51 and a 1-year high of $246.36. The stock's 50 day moving average price is $209.69 and its 200 day moving average price is $211.40.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts predict that IDEX Co. will post 8.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IEX shares. Robert W. Baird decreased their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada decreased their price target 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 lowered their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Citigroup decreased their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.