Fjarde AP Fonden Fourth Swedish National Pension Fund Has $7.66 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of IDEX Co. (NYSE:IEX) by 116.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,618 shares of the industrial products company’s stock after buying an additional 19,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in IDEX were worth $7,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its holdings in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 59 shares during the period. Assetmark Inc. purchased a new position in IDEX during the third quarter valued at approximately $39,000. Brooklyn Investment Group acquired a new position in IDEX in the 3rd quarter valued at approximately $86,000. Fred Alger Management LLC purchased a new stake in IDEX in the 3rd quarter worth approximately $89,000. Finally, Blue Trust Inc. boosted its stake in shares of IDEX by 41.9% during the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock valued at $97,000 after buying an additional 142 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Performance

IDEX stock opened at $196.61 on Tuesday. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The stock has a 50-day simple moving average of $209.15 and a 200 day simple moving average of $211.69. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.97. 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 quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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%. On average, research analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Robert W. Baird dropped their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada dropped their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DA Davidson reduced 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. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup reduced their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three equities 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 currently has an average 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.