IDEX Co. (NYSE:IEX) Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its position in IDEX Co. (NYSE:IEX - Free Report) by 95.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 361 shares of the industrial products company's stock after selling 6,908 shares during the quarter. Spire Wealth Management's holdings in IDEX were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of IDEX by 0.5% in the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company's stock valued at $647,356,000 after acquiring an additional 15,077 shares during the period. Wellington Management Group LLP raised its stake in shares of IDEX by 108.4% in the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock valued at $607,234,000 after acquiring an additional 1,472,456 shares during the period. Geode Capital Management LLC raised its stake in shares of IDEX by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company's stock valued at $404,339,000 after acquiring an additional 23,388 shares during the period. Champlain Investment Partners LLC raised its stake in shares of IDEX by 28.8% in the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company's stock valued at $262,479,000 after acquiring an additional 273,460 shares during the period. Finally, Barclays PLC raised its stake in shares of IDEX by 1.2% in the third 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. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Stifel Nicolaus upped their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird cut their price target on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. 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 report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $241.00.

IDEX Stock Down 0.5 %

IDEX stock traded down $1.06 during midday trading on Wednesday, hitting $193.83. 738,150 shares of the company's stock were exchanged, compared to its average volume of 540,384. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.11 and a current ratio of 2.53. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36. The firm has a 50-day moving average of $214.86 and a two-hundred day moving average of $211.87. The company has a market cap of $14.68 billion, a PE ratio of 29.15, a P/E/G ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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%. As a group, analysts expect that IDEX Co. will post 8.37 earnings per share for the current fiscal year.

IDEX 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.