IDEX Co. (NYSE:IEX) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in IDEX Co. (NYSE:IEX - Free Report) by 55.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,490 shares of the industrial products company's stock after purchasing an additional 1,601 shares during the period. Sterling Capital Management LLC's holdings in IDEX were worth $940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEX. Jones Financial Companies Lllp raised its holdings in IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 106 shares in the last quarter. Assetmark Inc. grew its stake in shares of IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares in the last quarter. BankPlus Trust Department acquired a new stake in IDEX in the fourth quarter valued at $123,000. EverSource Wealth Advisors LLC increased its holdings in shares of IDEX by 49.7% in the 4th 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 last quarter. Finally, GAMMA Investing LLC raised its position in shares of IDEX by 416.0% during the 4th quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company's stock worth $129,000 after acquiring an additional 495 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Price Performance

IEX stock traded down $4.29 on Monday, reaching $159.67. The company had a trading volume of 44,540 shares, compared to its average volume of 556,929. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The company's fifty day moving average is $182.08 and its 200 day moving average is $204.78. The company has a market cap of $12.06 billion, a P/E ratio of 24.08, a PEG ratio of 1.98 and a beta of 1.05. IDEX Co. has a 1 year low of $153.36 and a 1 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 analysts' consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, research analysts forecast that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on IEX. Stifel Nicolaus dropped their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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. DA Davidson decreased their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup dropped their price target on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus target price of $223.14.

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.