IDEX Co. (NYSE:IEX) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC decreased its holdings in shares of IDEX Co. (NYSE:IEX) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,132,994 shares of the industrial products company’s stock after selling 90,682 shares during the quarter. IDEX makes up approximately 1.5% of Champlain Investment Partners LLC’s holdings, making the stock its 15th biggest holding. Champlain Investment Partners LLC owned 1.50% of IDEX worth $237,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC lifted its stake in IDEX by 1.2% in the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after buying an additional 14,360 shares during the last quarter. Tidal Investments LLC grew its position in IDEX by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company’s stock worth $1,164,000 after purchasing an additional 460 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of IDEX by 1.0% during the third quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company’s stock valued at $43,390,000 after buying an additional 1,930 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in IDEX in the 3rd quarter valued at approximately $1,514,000. Finally, Principal Financial Group Inc. grew its stake in shares of IDEX by 3.0% in the third quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company’s stock worth $20,557,000 after purchasing an additional 2,820 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IEX shares. Royal Bank of Canada reduced their price objective 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. DA Davidson cut their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price target on IDEX from $264.00 to $201.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus dropped their price target on shares of IDEX from $256.00 to $192.00 and set a “buy” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.14.

IDEX Stock Down 1.8 %

Shares of NYSE:IEX opened at $164.28 on Thursday. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. 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 company has a market cap of $12.41 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The firm has a 50 day simple moving average of $183.35 and a 200 day simple moving average of $205.55.

IDEX (NYSE:IEX) last announced 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%. As a group, research analysts expect that IDEX Co. will post 8.26 earnings per share for the current year.

IDEX 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.