Dimensional Fund Advisors LP Buys 73,540 Shares of IDEX Co. (NYSE:IEX)

Dimensional Fund Advisors LP raised its position in IDEX Co. (NYSE:IEX - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 640,717 shares of the industrial products company's stock after buying an additional 73,540 shares during the quarter. Dimensional Fund Advisors LP owned about 0.85% of IDEX worth $134,096,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on IEX. DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada cut their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho set a $175.00 target price on shares of IDEX in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus cut their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $217.13.

IDEX Stock Performance

IEX traded down $0.90 during trading hours on Thursday, hitting $173.08. The stock had a trading volume of 271,000 shares, compared to its average volume of 569,142. The stock has a market cap of $13.07 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. IDEX Co. has a 1 year low of $153.36 and a 1 year 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. The company's fifty day simple moving average is $178.08 and its 200 day simple moving average is $202.68.

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, beating analysts' consensus estimates of $1.64 by $0.11. 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 business posted $1.88 earnings per share. Equities analysts anticipate that IDEX Co. will post 8.26 earnings per share 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.