IDEX Co. (NYSE:IEX) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in IDEX Co. (NYSE:IEX - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,886 shares of the industrial products company's stock after selling 57,412 shares during the quarter. Brown Advisory Inc. owned about 0.33% of IDEX worth $51,880,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IEX. Banque de Luxembourg S.A. purchased a new stake in shares of IDEX in the 4th quarter valued at $27,000. Quarry LP purchased a new stake in IDEX in the fourth quarter valued at $49,000. Jones Financial Companies Lllp grew its position in IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock worth $85,000 after purchasing an additional 106 shares during the period. Assetmark Inc. lifted its holdings in shares of IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after buying an additional 235 shares during the period. Finally, Ancora Advisors LLC lifted its holdings in IDEX by 24,700.0% in the fourth quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock valued at $104,000 after acquiring an additional 494 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Price Performance

Shares of NYSE IEX traded up $0.45 during mid-day trading on Wednesday, reaching $179.99. The company's stock had a trading volume of 677,403 shares, compared to its average volume of 577,048. The stock has a market capitalization of $13.60 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. IDEX Co. has a 1-year low of $153.36 and a 1-year high of $238.22. The stock has a 50-day moving average of $176.52 and a two-hundred day moving average of $201.59.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The firm had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same quarter last year, the firm earned $1.88 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IEX shares. Royal Bank of Canada increased their price target on shares of IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Robert W. Baird set a $215.00 price target on IDEX in a research report on Friday, May 2nd. DA Davidson reduced their target price on 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 objective on shares of IDEX in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $211.25.

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.