19 hours Ago By Defense World Staff
Empowered Funds LLC boosted its stake in IDEX Co. (NYSE:IEX – Free Report) by 22.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 1,592 shares of the industrial products company’s stock after purchasing an additional 297 shares during the period. Empowered Funds LLC’s holdings in IDEX were worth $333,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently bought and sold shares of IEX.
Studio Investment Management LLC increased its stake in shares of IDEX by 4.9% in the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock worth $205,000 after buying an additional 45 shares during the period.
Bleakley Financial Group LLC increased its position in shares of IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 48 shares during the period.
Albert D Mason Inc. raised its stake in shares of IDEX by 1.3% during the fourth quarter.
Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock valued at $948,000 after acquiring an additional 56 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of IDEX by 73.
8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 59 shares during the period. Finally, Diversified Trust Co grew its stake in shares of IDEX by 1.
0% in the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 97.
96% of the company’s stock. IDEX Stock PerformanceShares of IDEX stock opened at $195.92 on Friday.
The business has a fifty day simple moving average of $210.29 and a two-hundred day simple moving average of $211.39.
The firm has a market capitalization of $14.83 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.
97 and a beta of 0.97. The company has a current ratio of 2.
53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.
IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.
36. IDEX (NYSE:IEX – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.
04 EPS for the quarter, topping the consensus estimate of $2.03 by $0.01.
IDEX had a net margin of 15.45% and a return on equity of 16.08%.
On average, equities analysts forecast that IDEX Co. will post 8.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast GrowthA number of research firms have commented on IEX. Stifel Nicolaus upped their price target on IDEX from $244.00 to $256.
00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. DA Davidson decreased their target price on IDEX from $225.00 to $215.
00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup dropped their price target on IDEX from $269.00 to $267.
00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird reduced their price objective on shares of IDEX from $245.
00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Royal Bank of Canada dropped their target price on shares of IDEX from $256.
00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock.
According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.71.Check Out Our Latest Report on IDEXAbout 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.Read MoreFive stocks we like better than IDEXOptions Trading – Understanding Strike PriceRay Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024How to Profit From Value Investing Walmart Faces Tariff Headwinds, Consumer Trends Remain PositiveUptrend Stocks Explained: Learn How to Trade Using UptrendsTesla: 2 Reasons to Buy, 1 Reason to Run.
