Zurcher Kantonalbank Zurich Cantonalbank Has $10.07 Million Holdings in IDEX Co. (NYSE:IEX)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in IDEX Co. (NYSE:IEX - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,127 shares of the industrial products company's stock after selling 8,591 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of IDEX worth $10,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of IEX. Principal Financial Group Inc. grew its position in IDEX by 3.0% in the third 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. Assetmark Inc. acquired a new position in shares of IDEX during the 3rd quarter worth about $39,000. Apollon Wealth Management LLC grew its holdings in shares of IDEX by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,979 shares of the industrial products company's stock valued at $1,283,000 after acquiring an additional 399 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of IDEX by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company's stock valued at $36,041,000 after acquiring an additional 4,465 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in IDEX by 1.2% during the third quarter. Victory Capital Management Inc. now owns 58,887 shares of the industrial products company's stock worth $12,631,000 after acquiring an additional 690 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Citigroup lowered their target price on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Royal Bank of Canada cut their price target on shares of 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 lowered their price objective 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 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $241.71.

IDEX Stock Performance

Shares of IEX traded up $2.44 during trading hours on Monday, hitting $184.83. The company had a trading volume of 377,922 shares, compared to its average volume of 489,564. The business has a fifty day moving average of $202.65 and a 200-day moving average of $210.65. 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 firm has a market cap of $14.01 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 12 month low of $177.71 and a 12 month high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. Equities analysts anticipate that IDEX Co. will post 8.26 EPS 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.