Generali Asset Management SPA SGR Buys Shares of 4,586 IDEX Co. (NYSE:IEX)

Generali Asset Management SPA SGR purchased a new position in shares of IDEX Co. (NYSE:IEX) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 4,586 shares of the industrial products company’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in shares of IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 106 shares in the last quarter. Brooklyn Investment Group purchased a new stake in IDEX in the 3rd quarter valued at approximately $86,000. Assetmark Inc. grew its holdings in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after buying an additional 235 shares during the last quarter. Fred Alger Management LLC purchased a new position in IDEX during the third quarter worth $89,000. Finally, Millburn Ridgefield Corp raised its holdings in shares of IDEX by 475.0% in the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 380 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup reduced 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. Finally, Royal Bank of Canada lowered their target price on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Stock Performance

NYSE:IEX opened at $183.89 on Friday. The company has a market cap of $13.94 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.98 and a beta of 0.99. The firm’s 50 day moving average is $200.71 and its two-hundred day moving average is $209.99. IDEX Co. has a fifty-two week low of $177.71 and a fifty-two week high of $246.36. 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 issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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%. Analysts expect that IDEX Co. will post 8.26 EPS for the current year.

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.