Yousif Capital Management LLC Has $2.11 Million Stock Position in IDEX Co. (NYSE:IEX)

Yousif Capital Management LLC trimmed its position in IDEX Co. (NYSE:IEX - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,088 shares of the industrial products company's stock after selling 4,409 shares during the quarter. Yousif Capital Management LLC's holdings in IDEX were worth $2,111,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC boosted its position in IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock worth $30,000 after acquiring an additional 59 shares during the period. Assetmark Inc. purchased a new stake in shares of IDEX in the third quarter worth approximately $39,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of IDEX by 100.0% during 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 during the period. Brooklyn Investment Group purchased a new position in IDEX during the third quarter valued at approximately $86,000. Finally, Fred Alger Management LLC acquired a new position in IDEX in the 3rd quarter valued at approximately $89,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Up 1.1 %

Shares of IEX traded up $2.18 during trading hours on Friday, hitting $195.21. 644,030 shares of the company were exchanged, compared to its average volume of 548,284. The company has a market cap of $14.78 billion, a PE ratio of 29.35, a PEG ratio of 1.98 and a beta of 0.97. The firm's 50 day moving average is $212.78 and its 200-day moving average is $211.53. IDEX Co. has a 52 week low of $189.51 and a 52 week 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.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, equities research analysts forecast that IDEX Co. will post 8.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Robert W. Baird cut their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Royal Bank of Canada lowered their target price on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup cut their price target on IDEX from $269.00 to $267.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $241.00.

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.