Thrivent Financial for Lutherans Has $3.74 Million Stock Position in IDEX Co. (NYSE:IEX)

Thrivent Financial for Lutherans decreased its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,865 shares of the industrial products company's stock after selling 2,023 shares during the quarter. Thrivent Financial for Lutherans' holdings in IDEX were worth $3,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC boosted its holdings in IDEX by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock worth $254,000 after buying an additional 48 shares during the last quarter. Albert D Mason Inc. increased its stake in IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after purchasing an additional 56 shares in the last quarter. Diversified Trust Co boosted its position in shares of IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock worth $1,300,000 after purchasing an additional 59 shares in the last quarter. Blackston Financial Advisory Group LLC grew its holdings in shares of IDEX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after buying an additional 60 shares during the period. Finally, Signal Advisors Wealth LLC increased its position in shares of IDEX by 3.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company's stock valued at $381,000 after buying an additional 63 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. DA Davidson lowered their target price on 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 cut their price target on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and an average target price of $241.71.

IDEX Stock Performance

IEX traded down $3.13 on Friday, reaching $180.80. The company had a trading volume of 370,464 shares, compared to its average volume of 525,605. The company's fifty day moving average is $197.16 and its 200 day moving average is $209.40. 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 stock has a market cap of $13.70 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a fifty-two week low of $177.71 and a fifty-two week high of $244.11.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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%. As a group, analysts predict that IDEX Co. will post 8.26 earnings per share 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.