Price T Rowe Associates Inc. MD Buys 277,964 Shares of IDEX Co. (NYSE:IEX)

Price T Rowe Associates Inc. MD grew its holdings in IDEX Co. (NYSE:IEX - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,666,777 shares of the industrial products company's stock after purchasing an additional 277,964 shares during the quarter. Price T Rowe Associates Inc. MD owned about 4.84% of IDEX worth $767,421,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in IEX. Jones Financial Companies Lllp increased its holdings in IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 106 shares during the last quarter. Assetmark Inc. lifted its stake in IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after buying an additional 235 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in IDEX in the fourth quarter valued at approximately $105,000. BankPlus Trust Department bought a new position in IDEX in the fourth quarter valued at approximately $123,000. Finally, Natixis bought a new position in IDEX in the fourth quarter valued at approximately $123,000. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of research reports. Mizuho set a $175.00 price target on shares of IDEX in a research note on Tuesday, April 22nd. Royal Bank of Canada cut their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus cut their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup cut their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson cut their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, IDEX currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.13.

IDEX Stock Performance

IEX stock traded down $0.89 during trading hours on Tuesday, reaching $173.21. The stock had a trading volume of 133,918 shares, compared to its average volume of 564,745. The stock has a market capitalization of $13.08 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock has a 50-day simple moving average of $178.94 and a 200 day simple moving average of $203.10. IDEX Co. has a fifty-two week low of $153.36 and a fifty-two week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Analysts predict that IDEX Co. will post 8.26 EPS 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.