Impax Asset Management Group plc Has $475.63 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Impax Asset Management Group plc lifted its stake in shares of IDEX Co. (NYSE:IEX - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,190,741 shares of the industrial products company's stock after acquiring an additional 84,502 shares during the period. IDEX makes up 1.9% of Impax Asset Management Group plc's investment portfolio, making the stock its 9th biggest position. Impax Asset Management Group plc owned about 2.90% of IDEX worth $475,632,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in IEX. Nordea Investment Management AB lifted its stake in IDEX by 1,196.4% in the fourth quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company's stock worth $29,598,000 after purchasing an additional 125,348 shares during the last quarter. Lincoln National Corp lifted its stake in IDEX by 7.1% in the third quarter. Lincoln National Corp now owns 1,564 shares of the industrial products company's stock worth $325,000 after purchasing an additional 104 shares during the last quarter. Deutsche Bank AG lifted its stake in IDEX by 13.3% in the third quarter. Deutsche Bank AG now owns 244,610 shares of the industrial products company's stock worth $50,884,000 after purchasing an additional 28,661 shares during the last quarter. Raymond James & Associates lifted its stake in IDEX by 11.2% in the fourth quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company's stock worth $16,601,000 after purchasing an additional 7,684 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in IDEX by 112.4% in the fourth quarter. Boston Trust Walden Corp now owns 201,152 shares of the industrial products company's stock worth $43,672,000 after purchasing an additional 106,431 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of IDEX from $254.00 to $277.00 and gave the company a "buy" rating in a research report on Monday. Stifel Nicolaus upgraded shares of IDEX from a "hold" rating to a "buy" rating and boosted their price objective for the company from $215.00 to $265.00 in a research report on Thursday, February 8th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $255.00 price objective on shares of IDEX in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, IDEX presently has an average rating of "Moderate Buy" and a consensus target price of $238.00.

IDEX Trading Up 1.1 %

Shares of NYSE IEX traded up $2.69 during midday trading on Tuesday, hitting $241.58. 253,885 shares of the company traded hands, compared to its average volume of 382,847. IDEX Co. has a 12-month low of $183.76 and a 12-month high of $246.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.05 and a current ratio of 2.89. The stock has a 50-day moving average price of $234.83 and a 200 day moving average price of $214.82. The firm has a market cap of $18.29 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.39 and a beta of 0.97.

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

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.