IDEX Co. (NYSE:IEX) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 213,900 shares of the industrial products company's stock after selling 10,700 shares during the period. Swiss National Bank owned 0.28% of IDEX worth $44,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IEX. Assetmark Inc. acquired a new position in shares of IDEX during the 3rd quarter worth about $39,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of IDEX by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company's stock worth $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of IDEX by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,887 shares of the industrial products company's stock worth $12,631,000 after purchasing an additional 690 shares during the last quarter. Huntington National Bank raised its holdings in IDEX by 22.5% in the 3rd quarter. Huntington National Bank now owns 631 shares of the industrial products company's stock valued at $135,000 after acquiring an additional 116 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in IDEX by 9.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,684 shares of the industrial products company's stock valued at $361,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have commented on IEX. DA Davidson cut their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus increased their price target on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Citigroup dropped their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada dropped their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.71.

IDEX Stock Down 0.4 %

IDEX stock traded down $0.69 during mid-day trading on Thursday, reaching $183.89. 653,141 shares of the company's stock were exchanged, compared to its average volume of 491,340. The company has a market cap of $13.94 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a twelve month low of $177.71 and a twelve month high of $246.36. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $201.21 and a 200-day moving average of $210.18.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts expect that IDEX Co. will post 8.26 EPS for the current 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.