V Square Quantitative Management LLC Sells 121 Shares of IDEX Co. (NYSE:IEX)

V Square Quantitative Management LLC lowered its stake in IDEX Co. (NYSE:IEX) by 5.0% in the fourth quarter, Holdings Channel reports. The fund owned 2,298 shares of the industrial products company’s stock after selling 121 shares during the quarter. V Square Quantitative Management LLC’s holdings in IDEX were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IEX. Catalyst Capital Advisors LLC lifted its holdings in shares of IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 59 shares during the last quarter. Assetmark Inc. acquired a new position in shares of IDEX in the third quarter valued at approximately $39,000. Brooklyn Investment Group acquired a new position in shares of IDEX in the third quarter valued at approximately $86,000. Fred Alger Management LLC acquired a new position in shares of IDEX in the third quarter valued at approximately $89,000. Finally, Blue Trust Inc. increased its stake in shares of IDEX by 41.9% in the third quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock valued at $97,000 after buying an additional 142 shares during the period. Institutional investors own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IEX has been the subject of several recent research reports. Citigroup lowered 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. Stifel Nicolaus upped their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird lowered their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada decreased 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $241.00.

IDEX Stock Performance

Shares of IEX stock opened at $195.21 on Friday. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $212.78 and a 200-day moving average of $211.56.

IDEX (NYSE:IEX) last announced 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 8.37 earnings per share for the current year.

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.