Tredje AP fonden Cuts Stake in IDEX Co. (NYSE:IEX)

Tredje AP fonden cut its holdings in IDEX Co. (NYSE:IEX - Free Report) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,442 shares of the industrial products company's stock after selling 10,792 shares during the quarter. Tredje AP fonden owned approximately 0.06% of IDEX worth $9,511,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. acquired a new stake in IDEX during the 3rd quarter valued at $39,000. Jones Financial Companies Lllp boosted its stake in shares of IDEX by 35.2% during 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 during the last quarter. Brooklyn Investment Group purchased a new stake in IDEX during the 3rd quarter worth about $86,000. Fred Alger Management LLC acquired a new position in IDEX in the 3rd quarter valued at about $89,000. Finally, Millburn Ridgefield Corp lifted its holdings in IDEX by 475.0% in the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 380 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Trading Down 0.0 %

Shares of IEX traded down $0.01 during trading hours on Tuesday, hitting $184.58. The stock had a trading volume of 511,248 shares, compared to its average volume of 489,566. IDEX Co. has a 12-month low of $177.71 and a 12-month high of $246.36. The firm has a market cap of $13.99 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.98 and a beta of 0.99. 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 simple moving average is $202.16 and its 200 day simple moving average is $210.51.

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IDEX (NYSE:IEX - Get Free Report) last released 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%. Equities research analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IEX has been the subject of a number of analyst reports. Citigroup cut their price objective 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. DA Davidson cut their price target on 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 IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada lowered 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, IDEX presently has an average rating of "Moderate Buy" and an average price target of $241.71.

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.