Baird Financial Group Inc. cut its holdings in IDEX Co. (NYSE:IEX - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 256,249 shares of the industrial products company's stock after selling 41,331 shares during the quarter. Baird Financial Group Inc. owned about 0.34% of IDEX worth $53,630,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of IEX. Banque de Luxembourg S.A. acquired a new position in shares of IDEX in the fourth quarter valued at approximately $27,000. BLI Banque de Luxembourg Investments acquired a new position in IDEX in the 4th quarter worth $19,699,000. Ancora Advisors LLC boosted its stake in IDEX by 24,700.0% in the 4th quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock worth $104,000 after purchasing an additional 494 shares during the period. AXA S.A. raised its stake in shares of IDEX by 27.0% in the 4th quarter. AXA S.A. now owns 269,638 shares of the industrial products company's stock valued at $56,433,000 after purchasing an additional 57,263 shares during the period. Finally, Wahed Invest LLC lifted its holdings in shares of IDEX by 5.2% in the fourth quarter. Wahed Invest LLC now owns 1,934 shares of the industrial products company's stock valued at $405,000 after purchasing an additional 96 shares in the last quarter. 97.96% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on IEX. DA Davidson decreased their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Mizuho set a $175.00 price target on shares of IDEX in a research report on Tuesday, April 22nd. Stifel Nicolaus raised their price objective on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research report on Friday. Royal Bank of Canada boosted their target price on IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Citigroup cut their price target on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $214.50.
Get Our Latest Analysis on IDEX
IDEX Stock Up 3.7 %
IEX stock opened at $181.67 on Monday. IDEX Co. has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.98 and a beta of 1.07. The business's fifty day moving average price is $177.36 and its two-hundred day moving average price is $202.10.
IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. The business had revenue of $814.30 million for the quarter, compared to analyst estimates of $807.25 million. IDEX had a net margin of 15.45% and a return on equity of 16.08%. IDEX's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. On average, equities analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.
About IDEX
(
Free Report)
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.
See Also
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