IDEX Co. (NYSE:IEX) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in shares of IDEX Co. (NYSE:IEX) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 896 shares of the industrial products company’s stock after purchasing an additional 91 shares during the period. Larson Financial Group LLC’s holdings in IDEX were worth $188,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Studio Investment Management LLC increased its position in shares of IDEX by 4.9% during the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 45 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of IDEX by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 48 shares during the period. Albert D Mason Inc. increased its position in shares of 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 acquiring an additional 56 shares during the period. Diversified Trust Co increased its position in shares of IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock valued at $1,300,000 after acquiring an additional 59 shares during the period. Finally, Blackston Financial Advisory Group LLC increased its position in shares of IDEX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 60 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IEX. 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 cut their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DA Davidson cut their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Citigroup cut their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Down 0.6 %

IEX stock opened at $185.13 on Wednesday. The company’s 50-day simple moving average is $204.24 and its 200-day simple moving average is $211.13. 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 Co. has a 52-week low of $181.09 and a 52-week high of $246.36. The firm has a market cap of $14.03 billion, a P/E ratio of 27.84, a PEG ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. As a group, equities analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX 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.