4,600 Shares in IDEX Co. (NYSE:IEX) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in IDEX Co. (NYSE:IEX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,600 shares of the industrial products company's stock, valued at approximately $999,000.

Several other large investors have also modified their holdings of the company. Impax Asset Management Group plc boosted its holdings in shares of IDEX by 4.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,190,741 shares of the industrial products company's stock valued at $475,632,000 after acquiring an additional 84,502 shares during the period. Barclays PLC lifted its holdings in shares of IDEX by 3.3% during the third quarter. Barclays PLC now owns 1,143,583 shares of the industrial products company's stock worth $237,890,000 after purchasing an additional 36,928 shares during the period. Northern Trust Corp lifted its holdings in shares of IDEX by 6.1% during the third quarter. Northern Trust Corp now owns 785,716 shares of the industrial products company's stock worth $163,445,000 after purchasing an additional 45,120 shares during the period. Alecta Tjanstepension Omsesidigt lifted its holdings in shares of IDEX by 420.8% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 781,172 shares of the industrial products company's stock worth $169,600,000 after purchasing an additional 631,172 shares during the period. Finally, Fenimore Asset Management Inc. lifted its holdings in shares of IDEX by 3.9% during the third quarter. Fenimore Asset Management Inc. now owns 773,412 shares of the industrial products company's stock worth $160,885,000 after purchasing an additional 29,258 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Down 0.6 %

IDEX stock traded down $1.35 during midday trading on Thursday, hitting $223.29. 486,624 shares of the company were exchanged, compared to its average volume of 380,183. The company's fifty day moving average price is $236.49 and its 200-day moving average price is $216.60. The company has a market cap of $16.90 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. 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 Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.76 by $0.12. IDEX had a return on equity of 17.88% and a net margin of 17.89%. The firm had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.52 million. During the same period in the previous year, the company posted $2.09 EPS. IDEX's revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts predict that IDEX Co. will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IEX shares. StockNews.com downgraded IDEX from a "buy" rating to a "hold" rating in a report on Wednesday. Citigroup lifted their price objective on IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Robert W. Baird lowered their price target on IDEX from $260.00 to $256.00 and set an "outperform" rating for the company in a report on Thursday. Stifel Nicolaus upgraded IDEX from a "hold" rating to a "buy" rating and lifted their price target for the company from $215.00 to $265.00 in a report on Thursday, February 8th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $255.00 price target on shares of IDEX in a report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.67.

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.