Machina Capital S.A.S. Sells 391 Shares of IDEX Co. (NYSE:IEX)

Machina Capital S.A.S. trimmed its holdings in shares of IDEX Co. (NYSE:IEX) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,574 shares of the industrial products company’s stock after selling 391 shares during the quarter. Machina Capital S.A.S.’s holdings in IDEX were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Callan Family Office LLC bought a new position in IDEX during the fourth quarter worth about $1,391,000. Raymond James Financial Inc. purchased a new stake in shares of IDEX during the 4th quarter valued at approximately $35,375,000. Cullen Frost Bankers Inc. boosted its holdings in IDEX by 10.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,027 shares of the industrial products company’s stock worth $634,000 after buying an additional 279 shares during the period. Arizona State Retirement System grew its stake in IDEX by 1.4% in the 4th quarter. Arizona State Retirement System now owns 21,987 shares of the industrial products company’s stock valued at $4,602,000 after buying an additional 300 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in IDEX in the 4th quarter valued at approximately $10,212,000. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.1 %

Shares of NYSE:IEX opened at $187.36 on Friday. IDEX Co. has a 1 year low of $183.24 and a 1 year high of $246.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock’s 50-day moving average is $205.18 and its 200 day moving average is $211.29. The company has a market cap of $14.20 billion, a PE ratio of 28.17, a P/E/G ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) 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%. Sell-side analysts anticipate that IDEX Co. will post 8.26 EPS for the current year.

Analysts Set New Price Targets

IEX has been the topic of a number of analyst reports. Citigroup decreased their price objective on 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 decreased their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus raised their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, DA Davidson decreased their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.

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.