CANADA LIFE ASSURANCE Co Buys 10,330 Shares of IDEX Co. (NYSE:IEX)

CANADA LIFE ASSURANCE Co lifted its position in IDEX Co. (NYSE:IEX - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,003 shares of the industrial products company's stock after buying an additional 10,330 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.10% of IDEX worth $15,910,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IEX. Barclays PLC raised its holdings in shares of IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after acquiring an additional 14,360 shares in the last quarter. Tidal Investments LLC lifted its position in IDEX by 9.3% during the third quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company's stock valued at $1,164,000 after purchasing an additional 460 shares during the last quarter. Franklin Resources Inc. grew its position in IDEX by 1.0% in the third quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company's stock worth $43,390,000 after acquiring an additional 1,930 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of IDEX in the 3rd quarter worth about $1,514,000. Finally, Principal Financial Group Inc. raised its holdings in shares of IDEX by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company's stock valued at $20,557,000 after buying an additional 2,820 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IEX shares. Citigroup reduced their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus decreased their target price on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. DA Davidson dropped their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Mizuho set a $175.00 price objective on shares of IDEX in a research report on Tuesday. 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, IDEX has an average rating of "Moderate Buy" and an average price target of $217.13.

IDEX Trading Down 0.4 %

Shares of NYSE:IEX traded down $0.74 on Friday, hitting $173.05. The company had a trading volume of 603,144 shares, compared to its average volume of 565,115. The firm's 50-day simple moving average is $179.43 and its two-hundred day simple moving average is $203.42. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping 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 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.