Voya Investment Management LLC Reduces Holdings in IDEX Co. (NYSE:IEX)

Voya Investment Management LLC lessened its position in IDEX Co. (NYSE:IEX - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,891 shares of the industrial products company's stock after selling 2,102 shares during the quarter. Voya Investment Management LLC's holdings in IDEX were worth $5,628,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in IDEX by 1.2% during the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company's stock worth $252,603,000 after buying an additional 14,360 shares in the last quarter. Tidal Investments LLC boosted its position in shares of IDEX by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company's stock valued at $1,164,000 after acquiring an additional 460 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of IDEX by 1.0% in the third quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company's stock valued at $43,390,000 after purchasing an additional 1,930 shares during the period. Oddo BHF Asset Management Sas purchased a new position in IDEX during the third quarter worth about $1,514,000. Finally, Principal Financial Group Inc. boosted its holdings in IDEX by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company's stock valued at $20,557,000 after purchasing an additional 2,820 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on IEX. DA Davidson reduced their price target 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. Citigroup decreased their price target on IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird set a $215.00 price objective on IDEX in a research report on Friday. Mizuho set a $175.00 target price on shares of IDEX in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus boosted their price target on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, IDEX presently has a consensus rating of "Moderate Buy" and an average target price of $211.25.

IDEX Stock Down 0.6 %

IEX stock traded down $1.05 during midday trading on Tuesday, hitting $180.68. The company's stock had a trading volume of 85,025 shares, compared to its average volume of 573,328. IDEX Co. has a 52-week low of $153.36 and a 52-week high of $238.22. The firm has a 50-day simple moving average of $177.08 and a 200-day simple moving average of $201.90. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $13.65 billion, a P/E ratio of 27.17, a PEG ratio of 1.98 and a beta of 1.07.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly 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. The company had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. IDEX had a net margin of 15.45% and a return on equity of 16.08%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, equities analysts forecast that IDEX Co. will post 8.26 EPS 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.