Sumitomo Mitsui Trust Group Inc. raised its position in IDEX Co. (NYSE:IEX - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,101 shares of the industrial products company's stock after purchasing an additional 4,078 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of IDEX worth $36,019,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company's stock valued at $4,426,000 after purchasing an additional 6,720 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of IDEX by 7.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company's stock valued at $53,720,000 after purchasing an additional 16,504 shares during the period. Covea Finance boosted its holdings in shares of IDEX by 70.6% in the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock valued at $3,035,000 after acquiring an additional 6,000 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of IDEX by 17.3% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 27,805 shares of the industrial products company's stock valued at $5,964,000 after acquiring an additional 4,096 shares in the last quarter. Finally, Barclays PLC boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Citigroup reduced their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus upped their price target on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $241.00.
View Our Latest Research Report on IDEX
IDEX Stock Up 1.1 %
IEX stock traded up $2.18 during midday trading on Friday, reaching $195.21. The company had a trading volume of 644,030 shares, compared to its average volume of 482,422. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $14.78 billion, a P/E ratio of 29.35, a PEG ratio of 1.98 and a beta of 0.97. The company has a 50 day moving average of $212.78 and a two-hundred day moving average of $211.56.
IDEX (NYSE:IEX - Get Free Report) last released its 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 research analysts expect that IDEX Co. will post 8.37 earnings per share for the current fiscal year.
IDEX Profile
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Free Report)
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.
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