Nuance Investments LLC Decreases Position in IDEX Co. (NYSE:IEX)

Nuance Investments LLC decreased its holdings in IDEX Co. (NYSE:IEX - Free Report) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,293 shares of the industrial products company's stock after selling 29,600 shares during the quarter. IDEX comprises approximately 0.9% of Nuance Investments LLC's portfolio, making the stock its 28th biggest position. Nuance Investments LLC owned 0.14% of IDEX worth $22,874,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IEX. Jones Financial Companies Lllp grew its holdings in shares of IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after acquiring an additional 106 shares during the period. Brooklyn Investment Group purchased a new position in IDEX during the third quarter valued at $86,000. Assetmark Inc. boosted its holdings in shares of IDEX by 129.1% during the 4th 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. Fred Alger Management LLC purchased a new stake in shares of IDEX in the 3rd quarter worth about $89,000. Finally, Millburn Ridgefield Corp increased its stake in shares of IDEX by 475.0% in the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock worth $99,000 after acquiring an additional 380 shares in the last quarter. Institutional investors own 97.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IEX shares. Royal Bank of Canada decreased their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. DA Davidson decreased 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, Citigroup decreased their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $241.71.

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IDEX Trading Down 1.7 %

Shares of IDEX stock traded down $3.13 on Friday, reaching $180.80. The company had a trading volume of 370,464 shares, compared to its average volume of 525,605. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.98 and a beta of 0.99. 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 firm's 50-day moving average price is $197.16 and its two-hundred day moving average price is $209.40. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $244.11.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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, research analysts predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

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.