IDEX Co. (NYSE:IEX) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its position in IDEX Co. (NYSE:IEX) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,327 shares of the industrial products company’s stock after buying an additional 117 shares during the period. Avior Wealth Management LLC’s holdings in IDEX were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in IDEX by 120.3% during the first quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 77 shares during the period. Planned Solutions Inc. acquired a new position in shares of IDEX in the 4th quarter worth approximately $33,000. Clear Street Markets LLC raised its holdings in shares of IDEX by 94.7% in the 1st quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 72 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in IDEX during the fourth quarter valued at approximately $54,000. Finally, Covington Capital Management boosted its holdings in IDEX by 120.7% during the third quarter. Covington Capital Management now owns 331 shares of the industrial products company’s stock worth $66,000 after buying an additional 181 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.3 %

Shares of IDEX stock opened at $226.10 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 0.37. IDEX Co. has a 1 year low of $183.76 and a 1 year high of $246.36. The stock has a 50-day moving average price of $236.43 and a 200 day moving average price of $215.88. The company has a market cap of $17.11 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.27 and a beta of 0.97.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $767.96 million. IDEX had a net margin of 18.21% and a return on equity of 18.56%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. As a group, analysts expect that IDEX Co. will post 8.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on IEX. Citigroup upped their price target on IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $255.00 target price on shares of IDEX in a report on Thursday, March 21st. StockNews.com upgraded IDEX from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus upgraded IDEX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $215.00 to $265.00 in a report on Thursday, February 8th. Finally, Oppenheimer raised their target price on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $238.78.

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.