IDEX Co. (NYSE:IEX) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in IDEX Co. (NYSE:IEX - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 429,047 shares of the industrial products company's stock after buying an additional 15,659 shares during the period. Fisher Asset Management LLC owned 0.57% of IDEX worth $93,150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new stake in shares of IDEX during the 4th quarter worth approximately $33,000. Headlands Technologies LLC purchased a new stake in shares of IDEX during the 4th quarter worth approximately $52,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of IDEX during the 4th quarter worth approximately $54,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of IDEX by 30.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 339 shares of the industrial products company's stock worth $71,000 after purchasing an additional 80 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. increased its stake in shares of IDEX by 25.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 388 shares of the industrial products company's stock worth $84,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IEX shares. Stifel Nicolaus upgraded shares of IDEX from a "hold" rating to a "buy" rating and raised their price target for the stock from $215.00 to $265.00 in a research note on Thursday, February 8th. Robert W. Baird cut their price objective on shares of IDEX from $260.00 to $256.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. StockNews.com downgraded shares of IDEX from a "buy" rating to a "hold" rating in a report on Thursday. Citigroup raised their price objective on shares of IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Finally, Oppenheimer raised their price objective on shares of IDEX from $245.00 to $252.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $250.71.

IDEX Price Performance

NYSE:IEX traded down $0.21 during trading hours on Friday, hitting $220.42. The stock had a trading volume of 405,389 shares, compared to its average volume of 354,231. The company has a 50 day simple moving average of $235.22 and a two-hundred day simple moving average of $217.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.45. IDEX Co. has a one year low of $183.76 and a one year high of $246.36. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 2.21 and a beta of 0.99.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The firm had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.52 million. During the same period last year, the firm earned $2.09 EPS. The business's quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts forecast that IDEX Co. will post 8.33 earnings per share for the current fiscal year.

IDEX 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.