Robeco Schweiz AG Has $59.24 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Robeco Schweiz AG trimmed its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 283,063 shares of the industrial products company's stock after selling 54,124 shares during the period. Robeco Schweiz AG owned about 0.37% of IDEX worth $59,242,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of IDEX by 41.9% during the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company's stock worth $97,000 after acquiring an additional 142 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of IDEX by 19.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,887 shares of the industrial products company's stock valued at $1,696,000 after purchasing an additional 1,257 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in IDEX by 119.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,864 shares of the industrial products company's stock worth $1,043,000 after purchasing an additional 2,646 shares in the last quarter. abrdn plc lifted its stake in IDEX by 9.5% during the third quarter. abrdn plc now owns 50,183 shares of the industrial products company's stock valued at $10,691,000 after buying an additional 4,340 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of IDEX by 4.8% in the third quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company's stock worth $93,640,000 after buying an additional 20,175 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IEX. DA Davidson cut their price target 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. Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Citigroup lowered their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada dropped their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $241.71.

IDEX Stock Up 0.3 %

Shares of NYSE:IEX traded up $0.57 during midday trading on Friday, hitting $194.31. 687,529 shares of the stock were exchanged, compared to its average volume of 528,506. The company has a market capitalization of $14.73 billion, a PE ratio of 29.22, a P/E/G ratio of 1.98 and a beta of 0.97. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The business's fifty day simple moving average is $207.62 and its two-hundred day simple moving average is $211.61.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) 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, 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.