IDEX Co. (NYSE:IEX) Shares Sold by National Pension Service

National Pension Service lessened its position in IDEX Co. (NYSE:IEX) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,264 shares of the industrial products company’s stock after selling 4,986 shares during the period. National Pension Service’s holdings in IDEX were worth $25,170,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in IDEX by 119.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,864 shares of the industrial products company’s stock worth $1,043,000 after purchasing an additional 2,646 shares during the last quarter. abrdn plc increased its position in IDEX by 9.5% during the third quarter. abrdn plc now owns 50,183 shares of the industrial products company’s stock worth $10,691,000 after purchasing an additional 4,340 shares during the last quarter. Ceredex Value Advisors LLC increased its position in IDEX by 4.8% during the third quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company’s stock worth $93,640,000 after purchasing an additional 20,175 shares during the last quarter. BluePath Capital Management LLC acquired a new position in IDEX during the third quarter worth approximately $209,000. Finally, Van ECK Associates Corp increased its position in IDEX by 9,424.6% during the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock worth $211,473,000 after purchasing an additional 1,021,439 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target 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. DA Davidson dropped their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. 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. Finally, Royal Bank of Canada decreased their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Up 0.3 %

NYSE IEX opened at $194.31 on Friday. The stock has a market cap of $14.73 billion, a P/E ratio of 29.22, a PEG ratio of 1.98 and a beta of 0.97. The company’s fifty day simple moving average is $207.62 and its 200-day simple moving average is $211.61. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. IDEX Co. has a 52 week low of $189.51 and a 52 week high of $246.36.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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 predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX Company 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.