Jones Financial Companies Lllp Purchases 106 Shares of IDEX Co. (NYSE:IEX)

Jones Financial Companies Lllp increased its position in IDEX Co. (NYSE:IEX) by 35.2% in the 4th quarter, Holdings Channel reports. The firm owned 407 shares of the industrial products company’s stock after buying an additional 106 shares during the quarter. Jones Financial Companies Lllp’s holdings in IDEX were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in IDEX in the third quarter worth $39,000. Brooklyn Investment Group bought a new position in IDEX in the third quarter worth $86,000. Fred Alger Management LLC bought a new position in IDEX in the third quarter worth $89,000. Millburn Ridgefield Corp lifted its position in IDEX by 475.0% in the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 380 shares during the period. Finally, BankPlus Trust Department bought a new position in IDEX in the fourth quarter worth $123,000. 97.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IEX has been the subject of several recent analyst reports. Citigroup dropped their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $241.71.

IDEX Stock Performance

Shares of NYSE:IEX opened at $182.47 on Monday. IDEX Co. has a twelve month low of $177.71 and a twelve month high of $246.36. The firm has a market cap of $13.83 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The business has a fifty day moving average of $202.65 and a 200-day moving average of $210.65.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, equities research analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

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.