Van ECK Associates Corp Has $202.01 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Van ECK Associates Corp cut its holdings in IDEX Co. (NYSE:IEX - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 965,201 shares of the industrial products company's stock after selling 67,076 shares during the period. Van ECK Associates Corp owned approximately 1.27% of IDEX worth $202,007,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its holdings in IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock worth $30,000 after purchasing an additional 59 shares in the last quarter. Assetmark Inc. bought a new stake in IDEX in the third quarter worth $39,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in IDEX by 100.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company's stock worth $43,000 after purchasing an additional 100 shares in the last quarter. Brooklyn Investment Group bought a new stake in IDEX in the third quarter worth $86,000. Finally, Fred Alger Management LLC bought a new stake in IDEX in the third quarter worth $89,000. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup cut their target price 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. Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada cut their target price 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $241.00.

IDEX Stock Performance

Shares of IEX traded up $2.18 during trading hours on Friday, reaching $195.21. 644,030 shares of the company traded hands, 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 debt-to-equity ratio of 0.49, a quick ratio of 2.11 and a current ratio of 2.53. The stock has a market cap of $14.78 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. The stock's fifty day moving average is $212.78 and its 200 day moving average is $211.56.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results 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 net margin of 15.45% and a return on equity of 16.08%. Equities research analysts anticipate that IDEX Co. will post 8.37 earnings per share for the current fiscal year.

IDEX Company Profile

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.