Prudential PLC lessened its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,045 shares of the industrial products company's stock after selling 7,182 shares during the period. Prudential PLC owned about 0.06% of IDEX worth $8,800,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after buying an additional 106 shares during the period. Assetmark Inc. lifted its stake in IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares during the last quarter. BankPlus Trust Department bought a new position in shares of IDEX in the 4th quarter valued at $123,000. EverSource Wealth Advisors LLC raised its holdings in shares of IDEX by 49.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $123,000 after buying an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of IDEX by 416.0% during the 4th quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock worth $129,000 after buying an additional 495 shares during the last quarter. Institutional investors own 97.96% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on IEX shares. Citigroup dropped their target price on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a report on Monday, January 13th. Royal Bank of Canada decreased their target price 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 cut their price objective on 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 upped their target price on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a 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. Based on data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and a consensus target price of $241.71.
Check Out Our Latest Research Report on IEX
IDEX Trading Down 5.0 %
Shares of IDEX stock traded down $8.74 during midday trading on Thursday, reaching $165.06. The company had a trading volume of 318,505 shares, compared to its average volume of 547,743. IDEX Co. has a fifty-two week low of $153.36 and a fifty-two week high of $240.08. 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 stock has a fifty day moving average price of $187.22 and a 200 day moving average price of $207.07. The firm has a market cap of $12.47 billion, a PE ratio of 24.85, a P/E/G ratio of 1.98 and a beta of 1.05.
IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.
IDEX Company Profile
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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.
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