Boston Trust Walden Corp Raises Position in IDEX Co. (NYSE:IEX)

Boston Trust Walden Corp lifted its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 112.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 201,152 shares of the industrial products company's stock after acquiring an additional 106,431 shares during the period. Boston Trust Walden Corp owned approximately 0.27% of IDEX worth $43,672,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in IDEX by 1,196.4% during the 4th quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company's stock valued at $29,598,000 after purchasing an additional 125,348 shares during the last quarter. Lincoln National Corp boosted its stake in IDEX by 7.1% during the 3rd quarter. Lincoln National Corp now owns 1,564 shares of the industrial products company's stock worth $325,000 after acquiring an additional 104 shares during the last quarter. Deutsche Bank AG boosted its stake in IDEX by 13.3% during the 3rd quarter. Deutsche Bank AG now owns 244,610 shares of the industrial products company's stock worth $50,884,000 after acquiring an additional 28,661 shares during the last quarter. Raymond James & Associates boosted its stake in IDEX by 11.2% during the 4th quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company's stock worth $16,601,000 after acquiring an additional 7,684 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in IDEX during the 4th quarter worth approximately $2,389,000. 97.96% of the stock is owned by institutional investors.

IDEX Stock Up 1.1 %

Shares of NYSE:IEX traded up $2.62 during mid-day trading on Friday, reaching $239.41. 280,684 shares of the stock were exchanged, compared to its average volume of 387,024. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 0.37. The company has a market cap of $18.12 billion, a P/E ratio of 30.54, a P/E/G ratio of 2.39 and a beta of 0.97. IDEX Co. has a one year low of $183.76 and a one year high of $246.36. The stock's 50 day simple moving average is $233.74 and its 200-day simple moving average is $214.30.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. The firm had revenue of $788.90 million during the quarter, compared to the consensus estimate of $767.96 million. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The business's revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.01 earnings per share. As a group, equities research analysts predict that IDEX Co. will post 8.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $255.00 price target on shares of IDEX in a research note on Thursday, March 21st. Stifel Nicolaus upgraded IDEX from a "hold" rating to a "buy" rating and increased their target price for the stock from $215.00 to $265.00 in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $235.56.

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.