Ceredex Value Advisors LLC Has $89.34 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Ceredex Value Advisors LLC lessened its position in IDEX Co. (NYSE:IEX - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,493 shares of the industrial products company's stock after selling 21,922 shares during the period. IDEX makes up 1.5% of Ceredex Value Advisors LLC's portfolio, making the stock its 17th biggest position. Ceredex Value Advisors LLC owned approximately 0.54% of IDEX worth $89,339,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IEX. Parkside Financial Bank & Trust grew its position in IDEX by 120.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company's stock valued at $27,000 after buying an additional 77 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of IDEX during the 4th quarter valued at about $33,000. Clear Street Markets LLC boosted its position in shares of IDEX by 94.7% during the 1st quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 72 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of IDEX during the 4th quarter valued at about $54,000. Finally, Covington Capital Management boosted its position in shares of IDEX by 120.7% during the 3rd quarter. Covington Capital Management now owns 331 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Trading Up 1.1 %

IEX stock traded up $2.59 during mid-day trading on Friday, reaching $239.38. 280,536 shares of the stock traded hands, compared to its average volume of 294,822. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 0.37. IDEX Co. has a 52-week low of $183.76 and a 52-week high of $246.36. The company has a market cap of $18.12 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.39 and a beta of 0.97. The stock's fifty day moving average is $233.74 and its 200-day moving average is $214.35.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and set a $255.00 price objective on shares of IDEX in a research report on Thursday, March 21st. Stifel Nicolaus upgraded shares of IDEX from a "hold" rating to a "buy" rating and raised their price objective for the company from $215.00 to $265.00 in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $235.56.

About IDEX

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.