IDEX Co. (NYSE:IEX) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in shares of IDEX Co. (NYSE:IEX) by 46.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,177 shares of the industrial products company’s stock after purchasing an additional 2,268 shares during the period. Mizuho Securities USA LLC’s holdings in IDEX were worth $1,502,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Jones Financial Companies Lllp raised its position in IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 106 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of IDEX in the 3rd quarter valued at about $86,000. Assetmark Inc. lifted its stake in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 235 shares during the period. Fred Alger Management LLC purchased a new stake in IDEX during the third quarter worth about $89,000. Finally, Millburn Ridgefield Corp grew its position in IDEX by 475.0% during the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock worth $99,000 after buying an additional 380 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IEX. DA Davidson reduced their price target 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. Royal Bank of Canada decreased their target price 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 upped their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup decreased 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Stock Down 0.4 %

IEX opened at $184.33 on Wednesday. IDEX Co. has a 12 month low of $177.71 and a 12 month high of $245.70. The business has a 50-day moving average of $199.12 and a two-hundred day moving average of $209.78. 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 has a market capitalization of $13.97 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last released its 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%. On average, research 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.