Kentucky Retirement Systems Sells 72 Shares of IDEX Co. (NYSE:IEX)

Kentucky Retirement Systems decreased its stake in IDEX Co. (NYSE:IEX) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,202 shares of the industrial products company’s stock after selling 72 shares during the quarter. Kentucky Retirement Systems’ holdings in IDEX were worth $1,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IEX. Studio Investment Management LLC grew its position in IDEX by 4.9% during the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 45 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of IDEX by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 48 shares during the last quarter. Albert D Mason Inc. boosted its position in IDEX by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock valued at $948,000 after buying an additional 56 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in IDEX by 73.8% in the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 59 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX stock opened at $192.96 on Monday. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36. The company’s fifty day simple moving average is $209.69 and its 200-day simple moving average is $211.68. The firm has a market cap of $14.61 billion, a PE ratio of 29.02, a P/E/G ratio of 1.98 and a beta of 0.97. 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 quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS 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%. Equities research analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson cut their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird lowered their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Stifel Nicolaus boosted 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.71.

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.