Corient Private Wealth LLC Buys 180,601 Shares of IDEX Co. (NYSE:IEX)

Corient Private Wealth LLC grew its position in shares of IDEX Co. (NYSE:IEX) by 237.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,769 shares of the industrial products company’s stock after acquiring an additional 180,601 shares during the period. Corient Private Wealth LLC owned about 0.34% of IDEX worth $53,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its position in IDEX by 3.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,662 shares of the industrial products company’s stock valued at $766,000 after acquiring an additional 121 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in IDEX by 49.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 196 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of IDEX by 21.8% during the fourth quarter. HighTower Advisors LLC now owns 12,546 shares of the industrial products company’s stock valued at $2,626,000 after buying an additional 2,242 shares during the last quarter. Net Worth Advisory Group grew its stake in shares of IDEX by 2.8% in the fourth quarter. Net Worth Advisory Group now owns 2,651 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 73 shares during the period. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of IDEX by 178.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 254,842 shares of the industrial products company’s stock valued at $53,336,000 after purchasing an additional 163,283 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Up 2.4 %

IEX opened at $182.47 on Monday. IDEX Co. has a fifty-two week low of $177.71 and a fifty-two week high of $246.36. 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 stock has a market cap of $13.83 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The firm’s fifty day moving average is $202.65 and its 200 day moving average is $210.65.

IDEX (NYSE:IEX) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IEX has been the subject of a number of research reports. DA Davidson decreased their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus upped their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their price target 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, Citigroup lowered their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and an average target price of $241.71.

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.