Aquatic Capital Management LLC Raises Stock Holdings in IDEX Co. (NYSE:IEX)

Aquatic Capital Management LLC grew its stake in shares of IDEX Co. (NYSE:IEX) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,745 shares of the industrial products company’s stock after acquiring an additional 945 shares during the quarter. Aquatic Capital Management LLC’s holdings in IDEX were worth $1,412,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 106 shares during the period. Assetmark Inc. grew its holdings in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 235 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in IDEX during the fourth quarter valued at $105,000. BankPlus Trust Department bought a new position in IDEX in the fourth quarter valued at about $123,000. Finally, EverSource Wealth Advisors LLC boosted its position in IDEX by 49.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 196 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX Stock Down 1.0 %

Shares of IEX stock opened at $172.31 on Wednesday. The company’s fifty day simple moving average is $178.47 and its two-hundred day simple moving average is $202.88. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. The stock has a market cap of $13.02 billion, a P/E ratio of 25.91, a PEG ratio of 1.98 and a beta of 1.05. 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 released its quarterly earnings data 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 return on equity of 16.08% and a net margin of 15.45%. Analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IEX. Mizuho set a $175.00 price target on shares of IDEX in a research note on Tuesday, April 22nd. Citigroup cut their price target on IDEX from $264.00 to $201.00 and set a “buy” rating for the company in a report on Monday, April 14th. DA Davidson decreased 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. Royal Bank of Canada cut their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus decreased their target price on shares of IDEX from $256.00 to $192.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.13.

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.