Nuance Investments LLC Sells 29,600 Shares of IDEX Co. (NYSE:IEX)

Nuance Investments LLC lowered its stake in shares of IDEX Co. (NYSE:IEX) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,293 shares of the industrial products company’s stock after selling 29,600 shares during the quarter. IDEX accounts for 0.9% of Nuance Investments LLC’s investment portfolio, making the stock its 28th largest holding. Nuance Investments LLC owned 0.14% of IDEX worth $22,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company’s stock valued at $1,947,654,000 after purchasing an additional 63,432 shares during the last quarter. LPL Financial LLC increased its stake in IDEX by 13.6% in the 4th quarter. LPL Financial LLC now owns 19,702 shares of the industrial products company’s stock valued at $4,123,000 after buying an additional 2,363 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of IDEX during the 4th quarter worth approximately $5,379,000. American Century Companies Inc. boosted its stake in shares of IDEX by 3.4% in the 4th quarter. American Century Companies Inc. now owns 9,655 shares of the industrial products company’s stock worth $2,021,000 after buying an additional 314 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of IDEX by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 7,177 shares of the industrial products company’s stock valued at $1,502,000 after acquiring an additional 2,268 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Down 0.4 %

IDEX stock opened at $184.33 on Wednesday. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 1.98 and a beta of 0.99. The firm has a 50 day simple moving average of $199.12 and a 200 day simple moving average of $209.78. IDEX Co. has a 1-year low of $177.71 and a 1-year high of $245.70. 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 (NYSE:IEX) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. On average, analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analyst Weigh In

IEX has been the subject of a number of recent analyst reports. DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus raised their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup reduced their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. 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.

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.