IDEX Co. (NYSE:IEX) Shares Sold by PGGM Investments

PGGM Investments reduced its stake in IDEX Co. (NYSE:IEX) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,792 shares of the industrial products company’s stock after selling 6,567 shares during the period. PGGM Investments’ holdings in IDEX were worth $7,491,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in IEX. Studio Investment Management LLC boosted its position in IDEX by 4.9% during the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 45 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of IDEX by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 48 shares during the period. Albert D Mason Inc. grew its position in shares of IDEX by 1.3% during the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock worth $948,000 after acquiring an additional 56 shares during the last quarter. Diversified Trust Co increased its holdings in shares of IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after acquiring an additional 59 shares during the period. Finally, Blackston Financial Advisory Group LLC lifted its position in IDEX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 60 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Stock Down 2.0 %

Shares of IDEX stock opened at $178.18 on Friday. 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 Co. has a 12-month low of $177.71 and a 12-month high of $246.36. The firm has a market capitalization of $13.50 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The stock’s fifty day moving average is $203.70 and its 200-day moving average is $210.93.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping 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 analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.

Analyst Ratings Changes

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