Proficio Capital Partners LLC acquired a new position in shares of IDEX Co. (NYSE:IEX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 48,794 shares of the industrial products company's stock, valued at approximately $10,212,000. Proficio Capital Partners LLC owned about 0.06% of IDEX at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IEX. State Street Corp lifted its holdings in IDEX by 0.5% in the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock valued at $647,356,000 after purchasing an additional 15,077 shares in the last quarter. Wellington Management Group LLP grew its stake 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 buying an additional 1,472,456 shares during the period. Geode Capital Management LLC increased its stake in IDEX by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company's stock worth $404,339,000 after acquiring an additional 23,388 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in IDEX by 28.8% in 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 raised its stake in shares of IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after acquiring an additional 14,360 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.
IDEX Stock Up 0.1 %
IEX traded up $0.12 during trading on Wednesday, hitting $184.74. The company had a trading volume of 327,304 shares, compared to its average volume of 554,122. The company has a market cap of $14.00 billion, a PE ratio of 27.78, 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. IDEX Co. has a 1-year low of $177.71 and a 1-year high of $246.36. The business has a 50-day moving average of $201.69 and a 200-day moving average of $210.35.
IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. As a group, analysts forecast that IDEX Co. will post 8.26 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on IEX. DA Davidson lowered their price target on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada lowered their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Citigroup reduced their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus upped their target price 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and an average target price of $241.71.
Read Our Latest Stock Report on IDEX
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
