Oppenheimer Asset Management Inc. Buys 284 Shares of IDEX Co. (NYSE:IEX)

Oppenheimer Asset Management Inc. boosted its position in shares of IDEX Co. (NYSE:IEX) by 3.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,271 shares of the industrial products company’s stock after purchasing an additional 284 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in IDEX were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its position in shares of IDEX by 2.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 30,390 shares of the industrial products company’s stock valued at $6,360,000 after acquiring an additional 700 shares in the last quarter. New York Life Investment Management LLC boosted its stake in IDEX by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 10,234 shares of the industrial products company’s stock valued at $2,142,000 after purchasing an additional 76 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of IDEX by 57.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 8,015 shares of the industrial products company’s stock worth $1,677,000 after purchasing an additional 2,914 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of IDEX by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 643,190 shares of the industrial products company’s stock worth $134,613,000 after purchasing an additional 48,516 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in shares of IDEX during the fourth quarter valued at $123,000. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IEX has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price 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 objective on shares of 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 lifted their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, DA Davidson lowered their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Stock Down 2.9 %

IEX opened at $188.64 on Tuesday. IDEX Co. has a 1-year low of $188.11 and a 1-year high of $246.36. The firm’s 50 day simple moving average is $207.18 and its two-hundred day simple moving average is $211.69. 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 capitalization of $14.30 billion, a PE ratio of 28.37, 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, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, equities analysts forecast that IDEX Co. will post 8.26 EPS 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.