IDEX Co. (NYSE:IEX) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in shares of IDEX Co. (NYSE:IEX) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,654 shares of the industrial products company’s stock after purchasing an additional 113 shares during the quarter. Smartleaf Asset Management LLC’s holdings in IDEX were worth $554,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IEX. Wealth Enhancement Advisory Services LLC lifted its stake in shares of IDEX by 119.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,864 shares of the industrial products company’s stock worth $1,043,000 after acquiring an additional 2,646 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of IDEX by 0.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 35,343 shares of the industrial products company’s stock worth $7,581,000 after acquiring an additional 95 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of IDEX by 8.4% in the third quarter. QRG Capital Management Inc. now owns 9,554 shares of the industrial products company’s stock worth $2,049,000 after acquiring an additional 737 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake 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 in the last quarter. Finally, Northstar Asset Management Inc. lifted its stake in shares of IDEX by 5.6% in the third quarter. Northstar Asset Management Inc. now owns 39,698 shares of the industrial products company’s stock worth $8,515,000 after acquiring an additional 2,096 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IEX shares. DA Davidson cut their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Royal Bank of Canada lowered their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Stock Down 2.9 %

Shares of IDEX stock opened at $188.64 on Tuesday. The firm has a market cap of $14.30 billion, a P/E ratio of 28.37, a P/E/G ratio of 1.98 and a beta of 0.97. The business has a 50-day moving average price of $207.18 and a 200 day moving average price of $211.69. IDEX Co. has a fifty-two week low of $188.11 and a fifty-two week high of $246.36. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX) last posted 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%. On average, sell-side analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal 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.