Vanguard Group Inc. Has $1.95 Billion Stock Position in IDEX Co. (NYSE:IEX)

Vanguard Group Inc. grew its stake in IDEX Co. (NYSE:IEX - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,306,008 shares of the industrial products company's stock after purchasing an additional 63,432 shares during the quarter. Vanguard Group Inc. owned approximately 12.29% of IDEX worth $1,947,654,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in IDEX by 108.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock valued at $607,234,000 after acquiring an additional 1,472,456 shares during the period. Allianz Asset Management GmbH increased its stake in shares of IDEX by 133.2% during the fourth quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company's stock worth $85,105,000 after purchasing an additional 232,255 shares during the period. Corient Private Wealth LLC lifted its holdings in IDEX by 237.1% during the 4th quarter. Corient Private Wealth LLC now owns 256,769 shares of the industrial products company's stock worth $53,740,000 after purchasing an additional 180,601 shares during the last quarter. Raymond James Financial Inc. bought a new stake in IDEX in the 4th quarter valued at $35,375,000. Finally, Johnson Investment Counsel Inc. boosted its stake in IDEX by 178.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 254,842 shares of the industrial products company's stock valued at $53,336,000 after purchasing an additional 163,283 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

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Analyst Upgrades and Downgrades

IEX has been the topic of a number of analyst reports. Citigroup reduced their price target on IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus upped their price objective on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, IDEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.71.

IDEX Trading Up 0.1 %

Shares of IEX stock traded up $0.11 during mid-day trading on Monday, reaching $181.02. 760,334 shares of the stock traded hands, compared to its average volume of 526,540. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. 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 stock's fifty day simple moving average is $196.47 and its two-hundred day simple moving average is $209.37. IDEX Co. has a 1-year low of $176.39 and a 1-year high of $244.11.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. On average, research analysts anticipate that IDEX Co. will post 8.26 EPS 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.