T. Rowe Price Investment Management Inc. Boosts Stock Holdings in IDEX Co. (NYSE:IEX)

T. Rowe Price Investment Management Inc. raised its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,868,919 shares of the industrial products company's stock after purchasing an additional 17,087 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.47% of IDEX worth $391,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in shares of IDEX by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company's stock valued at $6,386,000 after acquiring an additional 1,209 shares in the last quarter. Assetmark Inc. raised its holdings in shares of 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 acquiring an additional 235 shares in the last quarter. Covea Finance raised its holdings in shares of IDEX by 70.6% in the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company's stock valued at $3,035,000 after acquiring an additional 6,000 shares in the last quarter. Barclays PLC raised its holdings in shares of IDEX by 1.2% in the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock valued at $252,603,000 after acquiring an additional 14,360 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of IDEX by 27.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company's stock valued at $488,000 after acquiring an additional 495 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

IDEX Stock Down 0.4 %

Shares of IEX stock traded down $0.71 during trading hours on Tuesday, reaching $173.40. 133,918 shares of the company's stock were exchanged, compared to its average volume of 564,745. The stock's fifty day moving average price is $178.94 and its two-hundred day moving average price is $203.10. The stock has a market cap of $13.10 billion, a PE ratio of 26.05, a PEG ratio of 1.98 and a beta of 1.05. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22. 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 (NYSE:IEX - Get Free Report) last issued its 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 return on equity of 16.08% and a net margin of 15.45%. Research analysts predict that IDEX Co. will post 8.26 EPS for the current year.

IDEX Company 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.