Axa S.A. Acquires 57,263 Shares of IDEX Co. (NYSE:IEX)

AXA S.A. lifted its position in shares of IDEX Co. (NYSE:IEX - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,638 shares of the industrial products company's stock after purchasing an additional 57,263 shares during the quarter. AXA S.A. owned 0.36% of IDEX worth $56,433,000 at the end of the most recent reporting period.

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

IDEX Trading Up 0.3 %

Shares of IDEX stock traded up $0.45 during trading on Wednesday, hitting $179.99. The company's stock had a trading volume of 677,403 shares, compared to its average volume of 576,558. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. 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 52 week low of $153.36 and a 52 week high of $238.22. The stock has a 50-day moving average price of $176.80 and a two-hundred day moving average price of $201.74.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IEX shares. Royal Bank of Canada raised their target price on IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Stifel Nicolaus raised their price target on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. DA Davidson lowered their price objective 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. Mizuho set a $175.00 target price on shares of IDEX in a research note on Tuesday, April 22nd. Finally, Citigroup dropped their price target on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $211.25.

IDEX 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.