IDEX Co. (NYSE:IEX) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System cut its stake in shares of IDEX Co. (NYSE:IEXFree Report) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,690 shares of the industrial products company’s stock after selling 7,917 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in IDEX were worth $16,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of 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 buying an additional 77 shares during the period. Clear Street Markets LLC boosted its position in shares of IDEX by 94.7% during the first quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company’s stock worth $34,000 after buying an additional 72 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of IDEX by 43.9% during the second quarter. EverSource Wealth Advisors LLC now owns 164 shares of the industrial products company’s stock worth $35,000 after buying an additional 50 shares during the period. West Tower Group LLC acquired a new stake in IDEX in the second quarter worth approximately $42,000. Finally, Your Advocates Ltd. LLP acquired a new stake in IDEX in the second quarter worth approximately $60,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

Shares of NYSE:IEX opened at $228.20 on Monday. IDEX Co. has a one year low of $183.76 and a one year high of $231.61. The stock has a fifty day moving average of $211.81 and a 200-day moving average of $209.72. The company has a market capitalization of $17.26 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.05 and a current ratio of 2.89.

IDEX (NYSE:IEXGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The company had revenue of $788.90 million during the quarter, compared to the consensus estimate of $767.96 million. During the same quarter in the prior year, the firm earned $2.01 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that IDEX Co. will post 8.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IEX shares. Oppenheimer restated an “outperform” rating and issued a $245.00 target price on shares of IDEX in a research report on Thursday, October 19th. Royal Bank of Canada upped their target price on IDEX from $234.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus upgraded IDEX from a “hold” rating to a “buy” rating and upped their target price for the stock from $215.00 to $265.00 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.56.

View Our Latest Report on IEX

IDEX Company Profile

(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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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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