IDEX Co. (NYSE:IEX) Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of IDEX Co. (NYSE:IEX) by 49.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,219,596 shares of the industrial products company’s stock after acquiring an additional 1,388,667 shares during the period. Wellington Management Group LLP owned 0.06% of IDEX worth $883,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position 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 period. Assetmark Inc. lifted its holdings in IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 235 shares during the period. Covea Finance grew its position in IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after buying an additional 6,000 shares in the last quarter. Barclays PLC increased its stake in IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after buying an additional 14,360 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of IDEX by 27.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 495 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered 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 lowered 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. Stifel Nicolaus boosted their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, DA Davidson lowered their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Up 0.1 %

Shares of IEX opened at $181.02 on Tuesday. The business’s 50-day moving average price is $196.47 and its 200 day moving average price is $209.37. 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 stock has a market capitalization of $13.67 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a 1-year low of $176.39 and a 1-year high of $244.11.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Analysts expect that IDEX Co. will post 8.26 earnings per share for the current year.

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.