Lake Street Advisors Group LLC Has $212,000 Stock Position in IDEX Co. (NYSE:IEX)

Lake Street Advisors Group LLC lowered its position in shares of IDEX Co. (NYSE:IEX) by 12.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,014 shares of the industrial products company’s stock after selling 143 shares during the period. Lake Street Advisors Group LLC’s holdings in IDEX were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in IDEX by 0.5% during the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock worth $647,356,000 after acquiring an additional 15,077 shares during the last quarter. Wellington Management Group LLP grew its position in IDEX by 108.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock worth $607,234,000 after acquiring an additional 1,472,456 shares during the last quarter. Geode Capital Management LLC grew its position in IDEX by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock worth $404,339,000 after acquiring an additional 23,388 shares during the last quarter. Champlain Investment Partners LLC grew its position in IDEX by 28.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after acquiring an additional 273,460 shares during the last quarter. Finally, Barclays PLC grew its position in IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock worth $252,603,000 after acquiring an additional 14,360 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Up 0.3 %

Shares of IDEX stock opened at $194.31 on Friday. IDEX Co. has a one year low of $189.51 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock’s 50-day moving average is $207.62 and its 200 day moving average is $211.49. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. Equities research 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. Stifel Nicolaus boosted their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DA Davidson reduced their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Citigroup reduced their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.