Johnson Investment Counsel Inc. Has $53.34 Million Stock Position in IDEX Co. (NYSE:IEX)

Johnson Investment Counsel Inc. grew its holdings in IDEX Co. (NYSE:IEX) by 178.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 254,842 shares of the industrial products company’s stock after acquiring an additional 163,283 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in IDEX were worth $53,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IEX. Assetmark Inc. bought a new stake in IDEX in the 3rd quarter valued at about $39,000. Brooklyn Investment Group acquired a new stake in shares of IDEX in the third quarter valued at approximately $86,000. Jones Financial Companies Lllp boosted its stake 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 buying an additional 106 shares during the period. Fred Alger Management LLC acquired a new stake in IDEX during the third quarter worth approximately $89,000. Finally, Millburn Ridgefield Corp increased its stake in IDEX by 475.0% during the 3rd 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 period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Down 0.1 %

Shares of NYSE IEX opened at $187.36 on Monday. The stock has a 50-day moving average price of $205.18 and a two-hundred day moving average price of $211.36. IDEX Co. has a 12 month low of $183.24 and a 12 month high of $246.36. 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 cap of $14.20 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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, analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus upped their target price 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 reduced their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Citigroup dropped their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.