Rhumbline Advisers Decreases Holdings in IDEX Co. (NYSE:IEX)

Rhumbline Advisers lowered its holdings in IDEX Co. (NYSE:IEX - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,163 shares of the industrial products company's stock after selling 3,993 shares during the quarter. Rhumbline Advisers owned about 0.21% of IDEX worth $33,939,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in IEX. Catalyst Capital Advisors LLC boosted its stake in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. bought a new position in IDEX in the third quarter valued at approximately $39,000. Brooklyn Investment Group bought a new position in IDEX in the third quarter valued at approximately $86,000. Fred Alger Management LLC acquired a new stake in IDEX during the 3rd quarter worth $89,000. Finally, Values First Advisors Inc. bought a new stake in shares of IDEX during the 3rd quarter valued at $98,000. Institutional investors own 97.96% of the company's stock.

IDEX Price Performance

NYSE:IEX traded down $3.11 during trading hours on Friday, reaching $192.96. 377,274 shares of the company were exchanged, compared to its average volume of 533,678. The business has a 50 day moving average of $210.29 and a 200 day moving average of $211.39. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. 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 capitalization of $14.61 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.00 and a beta of 0.97.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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%. Research analysts forecast that IDEX Co. will post 8.26 EPS for the current year.

Analysts Set New Price Targets

IEX has been the subject of a number of analyst reports. DA Davidson decreased their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday. Robert W. Baird decreased their price target on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Citigroup dropped their price objective on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada reduced their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, Stifel Nicolaus increased their price target 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 stock. According to data from MarketBeat, IDEX presently has an average 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.