Vontobel Holding Ltd. Buys 5,075 Shares of IDEX Co. (NYSE:IEX)

Vontobel Holding Ltd. boosted its position in IDEX Co. (NYSE:IEX - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,837 shares of the industrial products company's stock after buying an additional 5,075 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of IDEX worth $9,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in shares of IDEX by 120.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company's stock worth $27,000 after purchasing an additional 77 shares during the last quarter. Clear Street Markets LLC increased 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 worth $34,000 after purchasing an additional 72 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of IDEX during the 4th quarter worth approximately $33,000. Compagnie Lombard Odier SCmA acquired a new position in shares of IDEX during the 4th quarter worth approximately $54,000. Finally, Covington Capital Management increased its holdings 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 worth $66,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $255.00 target price on shares of IDEX in a report on Thursday, March 21st. Citigroup boosted their target price on IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Stifel Nicolaus raised IDEX from a "hold" rating to a "buy" rating and boosted their target price for the stock from $215.00 to $265.00 in a report on Thursday, February 8th. Finally, StockNews.com raised IDEX from a "hold" rating to a "buy" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus target price of $238.00.

IDEX Stock Performance

IEX traded down $2.42 during trading on Wednesday, hitting $226.83. The stock had a trading volume of 395,243 shares, compared to its average volume of 379,948. The company has a 50 day moving average price of $236.43 and a 200-day moving average price of $215.81. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 2.30 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 company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.05.

IDEX (NYSE:IEX - Get Free Report) last released 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 business 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 firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 EPS. As a group, research analysts predict that IDEX Co. will post 8.35 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.