Russell Investments Group Ltd. Grows Holdings in IDEX Co. (NYSE:IEX)

Russell Investments Group Ltd. lifted its position in IDEX Co. (NYSE:IEX - Free Report) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,005 shares of the industrial products company's stock after buying an additional 11,442 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of IDEX worth $12,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of IDEX in the 4th quarter valued at $52,000. Sonen Capital LLC raised its holdings in shares of IDEX by 13.0% in the 4th quarter. Sonen Capital LLC now owns 2,776 shares of the industrial products company's stock valued at $603,000 after buying an additional 319 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of IDEX by 0.6% in the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 284,658 shares of the industrial products company's stock valued at $61,802,000 after buying an additional 1,767 shares during the period. California Public Employees Retirement System raised its holdings in shares of IDEX by 1.9% in the 4th quarter. California Public Employees Retirement System now owns 269,023 shares of the industrial products company's stock valued at $58,408,000 after buying an additional 5,093 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its holdings in IDEX by 121.7% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 3,620 shares of the industrial products company's stock worth $786,000 after purchasing an additional 1,987 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IEX stock traded down $0.21 during mid-day trading on Friday, hitting $220.42. 405,389 shares of the stock were exchanged, compared to its average volume of 354,231. The stock's fifty day simple moving average is $235.22 and its two-hundred day simple moving average is $217.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.37. IDEX Co. has a 12-month low of $183.76 and a 12-month high of $246.36. The stock 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 issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.12. The company had revenue of $801.00 million during the quarter, compared to analysts' expectations of $807.52 million. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 earnings per share. On average, analysts forecast that IDEX Co. will post 8.33 EPS for the current year.

Analysts Set New Price Targets

IEX has been the subject of several recent research reports. Oppenheimer lifted their price objective on IDEX from $245.00 to $252.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th. StockNews.com downgraded shares of IDEX from a "buy" rating to a "hold" rating in a research report on Thursday. Stifel Nicolaus upgraded shares of 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 research note on Thursday, February 8th. Robert W. Baird cut their price target on IDEX from $260.00 to $256.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Finally, Citigroup upped 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.71.

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.