IDEX Co. (NYSE:IEX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its position in IDEX Co. (NYSE:IEX - Free Report) by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,116 shares of the industrial products company's stock after selling 30,300 shares during the quarter. Wells Fargo & Company MN's holdings in IDEX were worth $3,791,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of 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 acquiring an additional 14,360 shares during the last quarter. Tidal Investments LLC grew its position in shares of IDEX by 9.3% in the third quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company's stock valued at $1,164,000 after purchasing an additional 460 shares during the last quarter. Franklin Resources Inc. raised 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 worth $43,390,000 after acquiring an additional 1,930 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of IDEX in the third quarter valued at $1,514,000. Finally, Principal Financial Group Inc. boosted its stake in shares of IDEX by 3.0% during the third quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company's stock valued at $20,557,000 after acquiring an additional 2,820 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IEX has been the topic of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Citigroup cut their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. DA Davidson cut 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. Stifel Nicolaus reduced their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Mizuho set a $175.00 price objective on IDEX in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, IDEX has a consensus rating of "Moderate Buy" and a consensus price target of $217.13.

IDEX Stock Performance

Shares of IEX traded down $0.74 during midday trading on Friday, hitting $173.05. 603,144 shares of the stock traded hands, compared to its average volume of 565,115. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. IDEX Co. has a 1-year low of $153.36 and a 1-year high of $238.22. The business's 50 day moving average price is $179.43 and its two-hundred day moving average price is $203.42. The firm has a market capitalization of $13.07 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05.

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 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%. Equities research analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal 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.