Northwest & Ethical Investments L.P. Lowers Stock Holdings in IDEX Co. (NYSE:IEX)

Northwest & Ethical Investments L.P. trimmed its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,148 shares of the industrial products company's stock after selling 12,759 shares during the period. Northwest & Ethical Investments L.P. owned about 0.13% of IDEX worth $20,123,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IEX. State Street Corp raised its stake in shares of IDEX by 0.5% during the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock worth $647,356,000 after acquiring an additional 15,077 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of IDEX by 108.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock valued at $607,234,000 after purchasing an additional 1,472,456 shares during the last quarter. Geode Capital Management LLC raised its position in IDEX by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company's stock worth $404,339,000 after purchasing an additional 23,388 shares during the period. Champlain Investment Partners LLC boosted its position in IDEX by 28.8% during the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company's stock valued at $262,479,000 after buying an additional 273,460 shares during the period. Finally, Barclays PLC grew its stake in shares of IDEX by 1.2% during the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after buying an additional 14,360 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

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IDEX Trading Up 1.8 %

IEX stock traded up $3.29 during trading on Monday, reaching $185.20. The company had a trading volume of 561,806 shares, compared to its average volume of 495,898. The business has a 50 day moving average of $199.73 and a 200 day moving average of $209.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The company has a market cap of $14.04 billion, a P/E ratio of 27.85, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 52 week low of $177.71 and a 52 week high of $245.70.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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%. 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

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their target price on 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 lowered their price objective on 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 cut 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, February 19th. Finally, 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 report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $241.71.

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.