Van Lanschot Kempen Investment Management N.V. Boosts Stock Holdings in IDEX Co. (NYSE:IEX)

Van Lanschot Kempen Investment Management N.V. lifted its stake in IDEX Co. (NYSE:IEX - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,040 shares of the industrial products company's stock after purchasing an additional 8,200 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.11% of IDEX worth $16,752,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IEX. Vanguard Group Inc. increased its stake in IDEX by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company's stock worth $1,947,654,000 after buying an additional 63,432 shares during the period. Wellington Management Group LLP grew its holdings in IDEX by 49.1% during the 4th quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after acquiring an additional 1,388,667 shares in the last quarter. Geode Capital Management LLC grew its holdings in IDEX by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company's stock worth $399,350,000 after acquiring an additional 21,758 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of IDEX by 6.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company's stock valued at $339,103,000 after buying an additional 95,840 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of IDEX by 1.4% in the 4th quarter. Barclays PLC now owns 1,194,125 shares of the industrial products company's stock valued at $249,922,000 after buying an additional 16,480 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

IEX traded down $0.74 during trading on Friday, reaching $173.05. 603,144 shares of the company's stock were exchanged, compared to its average volume of 565,983. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22. 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 market capitalization of $13.07 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company's fifty day simple moving average is $179.43 and its 200-day simple moving average is $203.36.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on IEX shares. Mizuho set a $175.00 price target on shares of IDEX in a report on Tuesday, April 22nd. DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note 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 for the company 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $217.13.

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.