Guyasuta Investment Advisors Inc. Decreases Stock Holdings in IDEX Co. (NYSE:IEX)

Guyasuta Investment Advisors Inc. decreased its position in IDEX Co. (NYSE:IEX) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,789 shares of the industrial products company’s stock after selling 240 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in IDEX were worth $2,049,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC boosted its stake in shares of IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 59 shares in the last quarter. Assetmark Inc. bought a new stake in shares of IDEX during the 3rd quarter valued at about $39,000. Brooklyn Investment Group bought a new stake in shares of IDEX during the 3rd quarter valued at about $86,000. Fred Alger Management LLC bought a new stake in shares of IDEX during the 3rd quarter valued at about $89,000. Finally, Blue Trust Inc. boosted its stake in shares of IDEX by 41.9% during the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of research reports. Citigroup cut their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada dropped 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. Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird dropped their price objective on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.00.

IDEX Stock Up 1.1 %

IEX opened at $195.21 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $212.78 and a 200-day moving average price of $211.53. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 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%. Equities research analysts forecast that IDEX Co. will post 8.37 earnings per share for the current 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.