Russell Investments Group Ltd. Sells 34,592 Shares of IDEX Co. (NYSE:IEX)

Russell Investments Group Ltd. cut its holdings in IDEX Co. (NYSE:IEX - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,404 shares of the industrial products company's stock after selling 34,592 shares during the period. Russell Investments Group Ltd. owned 0.06% of IDEX worth $9,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 106 shares in the last quarter. Assetmark Inc. lifted 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 valued at $87,000 after buying an additional 235 shares in the last quarter. BankPlus Trust Department bought a new position in IDEX in the 4th quarter worth $123,000. EverSource Wealth Advisors LLC raised its holdings in IDEX by 49.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $123,000 after acquiring an additional 196 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of IDEX by 416.0% in the fourth quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock valued at $129,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Remove Ads

IDEX Trading Down 1.8 %

Shares of NYSE:IEX traded down $3.06 during trading on Wednesday, hitting $164.28. The company had a trading volume of 490,881 shares, compared to its average volume of 553,787. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. 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 fifty day simple moving average of $183.98 and a two-hundred day simple moving average of $205.84. IDEX Co. has a one year low of $153.36 and a one year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. As a group, equities analysts forecast that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stifel Nicolaus lowered their price target on IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a report on Monday. Citigroup dropped their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, DA Davidson dropped 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, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, IDEX currently has an average rating of "Moderate Buy" and a consensus target price of $223.14.

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.