94,400 Shares in IDEX Co. (NYSE:IEX) Acquired by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments bought a new position in IDEX Co. (NYSE:IEX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 94,400 shares of the industrial products company's stock, valued at approximately $19,699,000. BLI Banque de Luxembourg Investments owned 0.12% of IDEX at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of IDEX during the 4th quarter worth about $49,000. Jones Financial Companies Lllp raised its stake in shares of IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 106 shares during the period. Assetmark Inc. boosted its position in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock worth $87,000 after purchasing an additional 235 shares during the period. Ancora Advisors LLC increased its holdings in IDEX by 24,700.0% in the 4th quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock valued at $104,000 after purchasing an additional 494 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of IDEX during the fourth quarter worth about $105,000. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IEX. Royal Bank of Canada increased their target price on IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday. DA Davidson decreased their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Citigroup dropped their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Mizuho set a $175.00 price target on IDEX in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.25.

IDEX Stock Performance

Shares of IEX stock traded down $1.97 on Tuesday, hitting $179.76. 583,139 shares of the stock traded hands, compared to its average volume of 576,155. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a 1-year low of $153.36 and a 1-year high of $238.22. The company's fifty day moving average is $176.80 and its 200 day moving average is $201.74. The company has a market capitalization of $13.58 billion, a PE ratio of 27.03, a PEG ratio of 1.98 and a beta of 1.07.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm 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 quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. On average, equities research analysts predict that IDEX Co. will post 8.26 earnings per share 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.