Mn Services Vermogensbeheer B.V. Acquires 700 Shares of IDEX Co. (NYSE:IEX)

Mn Services Vermogensbeheer B.V. lifted its holdings in IDEX Co. (NYSE:IEX) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,390 shares of the industrial products company’s stock after buying an additional 700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in IDEX were worth $6,360,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IEX. Catalyst Capital Advisors LLC raised its holdings in IDEX by 73.8% during the 3rd 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 last quarter. Assetmark Inc. bought a new stake in IDEX during the 3rd quarter worth about $39,000. Brooklyn Investment Group bought a new stake in IDEX during the 3rd quarter worth about $86,000. Fred Alger Management LLC bought a new stake in IDEX during the 3rd quarter worth about $89,000. Finally, Millburn Ridgefield Corp raised its holdings in IDEX by 475.0% during the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 380 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

Shares of IEX opened at $194.31 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The stock has a 50 day simple moving average of $207.62 and a 200 day simple moving average of $211.61. IDEX Co. has a 52-week low of $189.51 and a 52-week high of $246.36. The firm has a market capitalization of $14.73 billion, a PE ratio of 29.22, a P/E/G ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. Sell-side analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have 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 report on Wednesday, December 11th. Royal Bank of Canada lowered their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. DA Davidson lowered their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup lowered 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.