Tower Research Capital LLC TRC Has $1.78 Million Stock Position in IDEX Co. (NYSE:IEX)

Tower Research Capital LLC TRC boosted its holdings in IDEX Co. (NYSE:IEX - Free Report) by 33.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,490 shares of the industrial products company's stock after acquiring an additional 2,111 shares during the period. Tower Research Capital LLC TRC's holdings in IDEX were worth $1,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in IDEX by 35.2% during the 4th 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 period. Assetmark Inc. lifted its position in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 235 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in IDEX during the 4th quarter valued at about $105,000. BankPlus Trust Department acquired a new stake in shares of IDEX in the fourth quarter valued at approximately $123,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of IDEX by 49.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $123,000 after buying an additional 196 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus decreased their price target on IDEX from $256.00 to $192.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson lowered their target price 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 reduced their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Mizuho set a $175.00 target price on IDEX in a research report on Tuesday, April 22nd. Finally, Citigroup cut their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a report 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.13.

IDEX Trading Up 0.6 %

Shares of NYSE IEX traded up $1.06 during mid-day trading on Monday, hitting $174.06. 131,638 shares of the company traded hands, compared to its average volume of 624,581. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.98 and a beta of 1.05. The business has a 50 day moving average of $179.43 and a two-hundred day moving average of $203.36.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. On average, sell-side analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

About IDEX

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.