Northstar Asset Management Inc. Reduces Position in IDEX Co. (NYSE:IEX)

Northstar Asset Management Inc. reduced its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,291 shares of the industrial products company's stock after selling 1,407 shares during the period. IDEX comprises 2.1% of Northstar Asset Management Inc.'s portfolio, making the stock its 20th biggest position. Northstar Asset Management Inc. owned about 0.05% of IDEX worth $8,014,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its position in shares of IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock worth $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. purchased a new position in IDEX in the 3rd quarter worth about $39,000. Brooklyn Investment Group bought a new stake in IDEX during the 3rd quarter valued at about $86,000. Fred Alger Management LLC purchased a new stake in IDEX in the 3rd quarter valued at about $89,000. Finally, Blue Trust Inc. grew its stake in IDEX by 41.9% in the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company's stock worth $97,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Down 1.6 %

IEX traded down $3.11 on Friday, hitting $192.96. The company had a trading volume of 377,276 shares, compared to its average volume of 533,679. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The stock has a fifty day moving average price of $209.69 and a 200-day moving average price of $211.40. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36.

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 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%. Analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stifel Nicolaus boosted 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. Citigroup lowered their target price on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a report on Monday, January 13th. Robert W. Baird dropped their price target on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada decreased their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Finally, DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $241.71.

IDEX 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.