IDEX Co. (NYSE:IEX) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG decreased its holdings in shares of IDEX Co. (NYSE:IEX) by 16.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 283,063 shares of the industrial products company’s stock after selling 54,124 shares during the period. Robeco Schweiz AG’s holdings in IDEX were worth $59,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund increased its position in IDEX by 57.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 8,015 shares of the industrial products company’s stock worth $1,677,000 after purchasing an additional 2,914 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of IDEX by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 643,190 shares of the industrial products company’s stock worth $134,613,000 after acquiring an additional 48,516 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of IDEX in the 4th quarter valued at $123,000. Y Intercept Hong Kong Ltd acquired a new position in shares of IDEX during the fourth quarter worth about $2,147,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in IDEX by 116.4% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 36,618 shares of the industrial products company’s stock worth $7,664,000 after acquiring an additional 19,700 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.3 %

IEX stock opened at $195.79 on Thursday. The firm’s 50-day moving average is $208.31 and its two-hundred day moving average is $211.59. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36.

IDEX (NYSE:IEX) last released its earnings results 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, 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 several recent analyst reports. Stifel Nicolaus raised 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. Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada cut their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. 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. 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and an average price target of $241.71.

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.