IDEX Co. (NYSE:IEX) Position Trimmed by Xponance Inc.

Xponance Inc. lowered its position in shares of IDEX Co. (NYSE:IEX) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,164 shares of the industrial products company’s stock after selling 407 shares during the period. Xponance Inc.’s holdings in IDEX were worth $2,207,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IEX. Alecta Tjanstepension Omsesidigt grew its position in shares of IDEX by 420.8% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 781,172 shares of the industrial products company’s stock worth $169,600,000 after acquiring an additional 631,172 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of IDEX by 316.9% during the third quarter. Ameriprise Financial Inc. now owns 368,849 shares of the industrial products company’s stock worth $76,667,000 after acquiring an additional 280,385 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of IDEX by 6,079.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 189,143 shares of the industrial products company’s stock worth $41,065,000 after acquiring an additional 186,082 shares during the last quarter. Ceredex Value Advisors LLC grew its position in shares of IDEX by 50.9% during the third quarter. Ceredex Value Advisors LLC now owns 433,415 shares of the industrial products company’s stock worth $90,159,000 after acquiring an additional 146,218 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of IDEX by 1,196.4% during the fourth quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company’s stock worth $29,598,000 after acquiring an additional 125,348 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of NYSE IEX opened at $229.89 on Tuesday. IDEX Co. has a twelve month low of $183.76 and a twelve month high of $246.36. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.27 and a beta of 0.97. The firm has a 50-day moving average of $236.47 and a two-hundred day moving average of $216.31.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on IEX. StockNews.com upgraded shares of IDEX from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $255.00 price objective on shares of IDEX in a report on Thursday, March 21st. Stifel Nicolaus raised shares of IDEX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $215.00 to $265.00 in a report on Thursday, February 8th. Citigroup upped their price objective on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Oppenheimer upped their price objective on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $238.78.

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.