Duff & Phelps Investment Management Co. raised its position in IDEX Co. (NYSE:IEX - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,404 shares of the industrial products company's stock after buying an additional 3,704 shares during the period. Duff & Phelps Investment Management Co. owned about 0.09% of IDEX worth $13,983,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of IEX. Impax Asset Management Group plc grew its holdings in IDEX by 4.0% in the 4th 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 buying an additional 84,502 shares in the last quarter. Barclays PLC grew its holdings in shares of IDEX by 3.3% in the third quarter. Barclays PLC now owns 1,143,583 shares of the industrial products company's stock valued at $237,890,000 after purchasing an additional 36,928 shares during the period. Northern Trust Corp increased its position in 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 last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in IDEX by 420.8% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 781,172 shares of the industrial products company's stock valued at $169,600,000 after purchasing an additional 631,172 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of IDEX by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 593,542 shares of the industrial products company's stock worth $123,469,000 after buying an additional 7,559 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.
IDEX Stock Performance
IEX stock traded up $0.92 during trading on Wednesday, hitting $221.38. The company had a trading volume of 279,942 shares, compared to its average volume of 380,105. IDEX Co. has a 1-year low of $183.76 and a 1-year high of $246.36. The firm has a 50-day moving average price of $236.09 and a 200-day moving average price of $217.07. The company has a quick ratio of 2.45, a current ratio of 3.37 and a debt-to-equity ratio of 0.37. The firm has a market cap of $16.76 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97.
IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.12. The firm had revenue of $801.00 million during the quarter, compared to analysts' expectations of $807.52 million. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share. On average, analysts expect that IDEX Co. will post 8.33 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have commented on IEX shares. Royal Bank of Canada restated an "outperform" rating and issued a $255.00 target price on shares of IDEX in a research report on Thursday, March 21st. Citigroup increased their target price on shares of IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Robert W. Baird reduced their price target on shares of IDEX from $260.00 to $256.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. StockNews.com cut shares of IDEX from a "buy" rating to a "hold" rating in a research report on Wednesday, April 24th. Finally, Oppenheimer boosted their target price on IDEX from $245.00 to $252.00 and gave the company an "outperform" rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, IDEX has a consensus rating of "Moderate Buy" and a consensus price target of $250.71.
Check Out Our Latest Research Report on IEX
About IDEX
(
Free Report)
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.
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