Snyder Capital Management L P Increases Stock Position in IDEX Co. (NYSE:IEX)

Snyder Capital Management L P boosted its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 480,193 shares of the industrial products company's stock after buying an additional 52,259 shares during the period. IDEX makes up approximately 2.1% of Snyder Capital Management L P's holdings, making the stock its 15th largest holding. Snyder Capital Management L P owned approximately 0.63% of IDEX worth $100,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of IDEX by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock valued at $1,947,654,000 after buying an additional 63,432 shares during the period. Wellington Management Group LLP increased its stake in shares of IDEX by 49.1% during the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock valued at $883,119,000 after buying an additional 1,388,667 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of IDEX by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,666,777 shares of the industrial products company's stock valued at $767,421,000 after buying an additional 277,964 shares during the period. Geode Capital Management LLC grew its position in shares of IDEX by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock worth $399,350,000 after buying an additional 21,758 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of IDEX by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,868,919 shares of the industrial products company's stock worth $391,147,000 after acquiring an additional 17,087 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IEX shares. Mizuho set a $175.00 price objective on shares of IDEX in a research note on Tuesday, April 22nd. Citigroup reduced their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus reduced their price objective on shares of IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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 research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and an average price target of $217.13.

IDEX Stock Performance

Shares of NYSE:IEX traded up $1.03 during midday trading on Monday, reaching $174.03. The company's stock had a trading volume of 676,643 shares, compared to its average volume of 566,425. The firm has a market capitalization of $13.15 billion, a PE ratio of 26.17, a P/E/G ratio of 1.98 and a beta of 1.05. IDEX Co. has a twelve month low of $153.36 and a twelve month high of $238.22. The stock has a fifty day moving average of $179.43 and a 200 day moving average of $203.36. 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 (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, topping 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, equities analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

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.