DF Dent & Co. Inc. Reduces Position in IDEX Co. (NYSE:IEX)

DF Dent & Co. Inc. trimmed its holdings in IDEX Co. (NYSE:IEX) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,554 shares of the industrial products company’s stock after selling 4,451 shares during the quarter. DF Dent & Co. Inc. owned about 0.19% of IDEX worth $30,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of IDEX by 108.4% in 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. Norges Bank purchased a new stake in shares of IDEX in the fourth quarter valued at about $217,658,000. Allianz Asset Management GmbH grew its holdings in shares of IDEX by 133.2% in the fourth quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company’s stock valued at $85,105,000 after purchasing an additional 232,255 shares during the period. Corient Private Wealth LLC increased its position in IDEX by 237.1% during the fourth quarter. Corient Private Wealth LLC now owns 256,769 shares of the industrial products company’s stock worth $53,740,000 after purchasing an additional 180,601 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in IDEX in the 4th quarter valued at about $35,375,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Trading Up 1.2 %

Shares of NYSE IEX opened at $183.39 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $13.85 billion, a PE ratio of 27.58, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a twelve month low of $176.39 and a twelve month high of $242.09. The stock has a fifty day simple moving average of $194.96 and a 200-day simple moving average of $209.05.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. DA Davidson lowered their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the 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.