IDEX Co. (NYSE:IEX) Shares Sold by ING Groep NV

ING Groep NV lowered its stake in IDEX Co. (NYSE:IEX) by 83.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,671 shares of the industrial products company’s stock after selling 50,454 shares during the quarter. ING Groep NV’s holdings in IDEX were worth $2,024,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in IDEX by 41.9% during the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 142 shares during the last quarter. Assenagon Asset Management S.A. increased its position in IDEX by 27.2% in the third quarter. Assenagon Asset Management S.A. now owns 67,650 shares of the industrial products company’s stock worth $14,511,000 after buying an additional 14,457 shares during the period. Lake Street Advisors Group LLC bought a new stake in IDEX in the 3rd quarter valued at about $248,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in IDEX by 19.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,887 shares of the industrial products company’s stock valued at $1,696,000 after purchasing an additional 1,257 shares during the period. Finally, Forsta AP Fonden grew its holdings in IDEX by 6.7% in the 3rd quarter. Forsta AP Fonden now owns 24,000 shares of the industrial products company’s stock worth $5,148,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Trading Down 1.6 %

NYSE IEX opened at $192.96 on Monday. The firm’s 50 day moving average price is $209.69 and its two-hundred day moving average price is $211.68. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.98 and a beta of 0.97. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

IDEX (NYSE:IEX) last posted its quarterly earnings results 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%. Equities analysts anticipate that IDEX Co. will post 8.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IEX shares. DA Davidson cut their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada cut their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Citigroup cut their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three investment 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.71.

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.