Champlain Investment Partners LLC Has $237.12 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Champlain Investment Partners LLC cut its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,132,994 shares of the industrial products company's stock after selling 90,682 shares during the period. IDEX makes up approximately 1.5% of Champlain Investment Partners LLC's holdings, making the stock its 15th largest holding. Champlain Investment Partners LLC owned about 1.50% of IDEX worth $237,124,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC boosted its stake in shares of IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after purchasing an additional 48 shares during the period. Albert D Mason Inc. boosted its position in IDEX by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after buying an additional 56 shares during the last quarter. Diversified Trust Co grew its stake in shares of IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after acquiring an additional 59 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in shares of IDEX by 2.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock worth $481,000 after acquiring an additional 60 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its holdings in IDEX by 3.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company's stock valued at $381,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their target price on IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reduced their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. 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, DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, IDEX presently has an average rating of "Moderate Buy" and an average price target of $223.14.

IDEX Stock Up 3.2 %

IEX traded up $5.22 during trading on Tuesday, reaching $165.88. 182,600 shares of the stock traded hands, compared to its average volume of 557,666. 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 fifty-two week low of $153.36 and a fifty-two week high of $238.22. The stock's 50-day simple moving average is $181.42 and its two-hundred day simple moving average is $204.43. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results 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%. As a group, equities research analysts expect 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.