1 week Ago By Defense World Staff
American Century Companies Inc. increased its stake in shares of IDEX Co. (NYSE:IEX – Free Report) by 3.
4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,655 shares of the industrial products company’s stock after purchasing an additional 314 shares during the quarter. American Century Companies Inc.
’s holdings in IDEX were worth $2,021,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of the stock. Benjamin Edwards Inc.
acquired a new stake in shares of IDEX during the 3rd quarter worth approximately $268,000. Quantinno Capital Management LP grew its holdings in IDEX by 34.0% during the 3rd quarter.
Quantinno Capital Management LP now owns 3,596 shares of the industrial products company’s stock worth $771,000 after acquiring an additional 913 shares during the period. Nomura Asset Management Co. Ltd.
raised its position in shares of IDEX by 9.9% during the 3rd quarter. Nomura Asset Management Co.
Ltd. now owns 21,958 shares of the industrial products company’s stock valued at $4,710,000 after acquiring an additional 1,986 shares during the last quarter. Barclays PLC lifted its stake in shares of IDEX by 1.
2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after purchasing an additional 14,360 shares during the period. Finally, M&T Bank Corp grew its stake in shares of IDEX by 7.
2% during the third quarter. M&T Bank Corp now owns 20,934 shares of the industrial products company’s stock worth $4,490,000 after purchasing an additional 1,401 shares during the period. Institutional investors own 97.
96% of the company’s stock. IDEX Trading Down 0.6 %Shares of NYSE:IEX opened at $161.
89 on Wednesday. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 24.
34, a PEG ratio of 1.98 and a beta of 1.05.
IDEX Co. has a 12 month low of $153.36 and a 12 month high of $241.
97. The company’s fifty day simple moving average is $189.23 and its 200 day simple moving average is $207.
55. The company has a quick ratio of 1.85, a current ratio of 2.
53 and a debt-to-equity ratio of 0.49. IDEX (NYSE:IEX – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th.
The industrial products company reported $2.04 EPS 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%. As a group, research analysts forecast that IDEX Co. will post 8.
26 EPS for the current fiscal year. Analysts Set New Price TargetsSeveral equities analysts have weighed in on IEX shares. DA Davidson cut their target price on 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 lifted their price objective on shares of IDEX from $244.
00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup lowered their target price on shares of IDEX from $269.
00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada reduced their price target 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. Three research 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 an average rating of “Moderate Buy” and a consensus price target of $241.71.
View Our Latest Research Report on IEXAbout IDEX (Free Report)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.
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