Sepio Capital LP Sells 75 Shares of IDEX Co. (NYSE:IEX)

Sepio Capital LP reduced its holdings in shares of IDEX Co. (NYSE:IEX) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,074 shares of the industrial products company’s stock after selling 75 shares during the quarter. Sepio Capital LP’s holdings in IDEX were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its position in shares of IDEX by 13.8% in the third quarter. Public Sector Pension Investment Board now owns 3,304 shares of the industrial products company’s stock valued at $709,000 after acquiring an additional 400 shares during the last quarter. Benjamin Edwards Inc. bought a new position in IDEX in the third quarter valued at approximately $268,000. Investment Management Corp of Ontario increased its position in shares of IDEX by 46.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 2,511 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 800 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of IDEX by 2.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 32,584 shares of the industrial products company’s stock worth $6,989,000 after purchasing an additional 833 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of IDEX by 34.0% in the 3rd quarter. Quantinno Capital Management LP now owns 3,596 shares of the industrial products company’s stock valued at $771,000 after buying an additional 913 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Down 3.8 %

IDEX stock opened at $162.33 on Monday. IDEX Co. has a twelve month low of $159.24 and a twelve month high of $241.97. The stock has a market cap of $12.26 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.98 and a beta of 1.05. The company’s 50-day moving average price is $192.73 and its two-hundred day moving average price is $208.54. 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 announced its 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%. As a group, analysts expect that IDEX Co. will post 8.26 EPS for the current year.

Analyst Ratings Changes

IEX has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Citigroup dropped their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus lifted their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued 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.