IDEX Co. (NYSE:IEX) Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. raised its position in IDEX Co. (NYSE:IEX - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,040 shares of the industrial products company's stock after acquiring an additional 8,200 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.11% of IDEX worth $16,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IEX. Barclays PLC boosted its position in IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after buying an additional 14,360 shares during the period. Tidal Investments LLC boosted its holdings in IDEX by 9.3% in the third quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company's stock valued at $1,164,000 after purchasing an additional 460 shares during the period. Franklin Resources Inc. grew its stake in IDEX by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company's stock worth $43,390,000 after purchasing an additional 1,930 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in IDEX during the 3rd quarter worth about $1,514,000. Finally, Principal Financial Group Inc. raised its position in IDEX by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company's stock valued at $20,557,000 after purchasing an additional 2,820 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Performance

IDEX stock traded down $0.74 during mid-day trading on Friday, reaching $173.05. 603,144 shares of the company were exchanged, compared to its average volume of 564,802. 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 firm has a market cap of $13.07 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The firm's 50-day simple moving average is $179.90 and its two-hundred day simple moving average is $203.67. IDEX Co. has a twelve month low of $153.36 and a twelve month high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued 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 return on equity of 16.08% and a net margin of 15.45%. Equities analysts predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on IEX. Royal Bank of Canada cut their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus dropped their target price on IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho set a $175.00 price objective on IDEX in a report on Tuesday. Citigroup decreased their target price on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, DA Davidson cut their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $217.13.

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.