IDEX Co. (NYSE:IEX) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its position in IDEX Co. (NYSE:IEX - Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,557 shares of the industrial products company's stock after buying an additional 1,973 shares during the period. Royal London Asset Management Ltd.'s holdings in IDEX were worth $7,232,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IEX. Asset Management One Co. Ltd. increased its stake in shares of IDEX by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after purchasing an additional 1,209 shares in the last quarter. Cerity Partners LLC increased its position in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock valued at $4,426,000 after buying an additional 6,720 shares in the last quarter. Assetmark Inc. raised its stake in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after buying an additional 235 shares during the period. Covea Finance lifted its position in shares of IDEX by 70.6% during the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock valued at $3,035,000 after buying an additional 6,000 shares in the last quarter. Finally, Barclays PLC grew its stake in 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. Institutional investors and hedge funds own 97.96% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have weighed in on IEX shares. Citigroup reduced their price objective on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus raised their price target 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. DA Davidson cut their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, IDEX currently has a consensus rating of "Moderate Buy" and an average price target of $241.71.

IDEX Price Performance

Shares of NYSE:IEX traded down $0.73 during midday trading on Thursday, hitting $184.02. The company had a trading volume of 319,723 shares, compared to its average volume of 496,591. IDEX Co. has a twelve month low of $177.71 and a twelve month high of $245.70. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth 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 business's 50-day simple moving average is $198.53 and its 200-day simple moving average is $209.61.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. On average, research analysts predict that IDEX Co. will post 8.26 earnings per share for the current 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.