IDEX Co. (NYSE:IEX) Shares Purchased by Paloma Partners Management Co

Paloma Partners Management Co increased its holdings in IDEX Co. (NYSE:IEX - Free Report) by 3,596.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,000 shares of the industrial products company's stock after acquiring an additional 38,918 shares during the period. Paloma Partners Management Co owned approximately 0.05% of IDEX worth $8,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEX. Vanguard Group Inc. raised its holdings in shares of IDEX by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock valued at $1,947,654,000 after buying an additional 63,432 shares during the period. Wellington Management Group LLP increased its stake in IDEX by 49.1% during the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after purchasing an additional 1,388,667 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of IDEX by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,666,777 shares of the industrial products company's stock worth $767,421,000 after purchasing an additional 277,964 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of IDEX by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock valued at $399,350,000 after purchasing an additional 21,758 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of IDEX by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,868,919 shares of the industrial products company's stock worth $391,147,000 after acquiring an additional 17,087 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho set a $175.00 target price on IDEX in a report on Tuesday, April 22nd. DA Davidson dropped their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada decreased their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Citigroup cut their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus lowered their target price on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus target price of $217.13.

IDEX Price Performance

Shares of IEX stock traded up $1.30 during mid-day trading on Thursday, reaching $175.27. The stock had a trading volume of 914,967 shares, compared to its average volume of 572,723. The company has a market cap of $13.24 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a 12-month low of $153.36 and a 12-month high of $238.22. The business has a 50-day simple moving average of $177.65 and a 200 day simple moving average of $202.42.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. IDEX had a net margin of 15.45% and a return on equity of 16.08%. The company had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same quarter in the previous year, the business posted $1.88 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current 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.