Schroder Investment Management Group Has $52.27 Million Stake in IDEX Co. (NYSE:IEX)

Schroder Investment Management Group lowered its holdings in IDEX Co. (NYSE:IEX) by 14.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 250,296 shares of the industrial products company’s stock after selling 42,793 shares during the period. Schroder Investment Management Group’s holdings in IDEX were worth $52,269,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock worth $6,386,000 after acquiring an additional 1,209 shares during the last quarter. Assetmark Inc. increased 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 valued at $87,000 after purchasing an additional 235 shares in the last quarter. Covea Finance increased its holdings in shares of IDEX by 70.6% in the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after purchasing an additional 6,000 shares in the last quarter. Barclays PLC raised its position in IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock worth $252,603,000 after purchasing an additional 14,360 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in IDEX by 27.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company’s stock worth $488,000 after buying an additional 495 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup lowered their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Stock Performance

Shares of IEX stock opened at $181.02 on Tuesday. The stock has a market cap of $13.67 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The stock has a 50-day moving average of $196.47 and a 200-day moving average of $209.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a one year low of $176.39 and a one year high of $244.11.

IDEX (NYSE:IEX) last posted 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 net margin of 15.45% and a return on equity of 16.08%. As a group, sell-side analysts expect that IDEX Co. will post 8.26 earnings per share for the current year.

IDEX Company 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.