Nicholas Company Inc. raised its position in IDEX Co. (NYSE:IEX - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,753 shares of the industrial products company's stock after acquiring an additional 5,103 shares during the quarter. Nicholas Company Inc. owned approximately 0.11% of IDEX worth $18,157,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Studio Investment Management LLC grew its stake in shares of IDEX by 4.9% during the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company's stock worth $205,000 after purchasing an additional 45 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock worth $254,000 after buying an additional 48 shares during the last quarter. Albert D Mason Inc. boosted its position in shares of IDEX by 1.3% during the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock worth $948,000 after acquiring an additional 56 shares in the last quarter. Diversified Trust Co increased its holdings in shares of IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after acquiring an additional 59 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC raised its position in shares of IDEX by 2.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock worth $481,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.
IDEX Stock Performance
Shares of NYSE IEX traded down $0.69 during midday trading on Thursday, reaching $183.89. 653,196 shares of the company were exchanged, compared to its average volume of 491,340. The stock has a fifty day simple moving average of $201.21 and a 200 day simple moving average of $210.18. 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 market cap of $13.94 billion, a P/E ratio of 27.65, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $246.36.
IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 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, research analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal year.
Analysts Set New Price Targets
IEX has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. DA Davidson decreased their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup cut 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $241.71.
Check Out Our Latest Research Report on IEX
About IDEX
(
Free Report)
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.
Recommended Stories
Before you consider IDEX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDEX wasn't on the list.
While IDEX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
