Schroder Investment Management Group Sells 42,793 Shares of IDEX Co. (NYSE:IEX)

Schroder Investment Management Group decreased its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,296 shares of the industrial products company's stock after selling 42,793 shares during the period. Schroder Investment Management Group owned 0.33% of IDEX worth $52,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IEX. Jones Financial Companies Lllp lifted its holdings in shares of IDEX by 35.2% during 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 last quarter. Fred Alger Management LLC acquired a new stake in IDEX in the third quarter valued at approximately $89,000. Assetmark Inc. grew its position in IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after acquiring an additional 235 shares in the last quarter. Millburn Ridgefield Corp raised its holdings in shares of IDEX by 475.0% during the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 380 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in shares of IDEX during the 4th quarter valued at $123,000. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IEX stock traded down $6.35 during trading hours on Friday, reaching $162.33. 1,053,470 shares of the company's stock were exchanged, compared to its average volume of 534,817. The business has a fifty day moving average price of $192.73 and a 200-day moving average price of $208.52. The stock has a market capitalization of $12.26 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a fifty-two week low of $160.13 and a fifty-two week high of $241.97.

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IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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%. Analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on IEX. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, DA Davidson lowered their price target on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.