IDEX Co. (NYSE:IEX) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 54.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,627 shares of the industrial products company's stock after purchasing an additional 4,100 shares during the period. Canada Pension Plan Investment Board's holdings in IDEX were worth $2,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 106 shares in the last quarter. Assetmark Inc. boosted its position in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 235 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of IDEX in the fourth quarter valued at about $105,000. BankPlus Trust Department acquired a new position in IDEX in the 4th quarter valued at about $123,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of IDEX by 49.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $123,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

IEX has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut their price objective on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. DA Davidson decreased their target price on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Citigroup reduced 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $217.13.

IDEX Stock Down 0.6 %

IEX stock traded down $1.12 during midday trading on Tuesday, hitting $172.98. The company's stock had a trading volume of 85,754 shares, compared to its average volume of 564,553. The firm has a market capitalization of $13.07 billion, a P/E ratio of 26.07, a PEG ratio of 1.98 and a beta of 1.05. The firm has a 50-day simple moving average of $178.94 and a 200-day simple moving average of $203.10. IDEX Co. has a 52-week low of $153.36 and a 52-week high of $238.22. 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 (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, equities analysts forecast that IDEX Co. will post 8.26 EPS for the current 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.