AssuredPartners Investment Advisors LLC Makes New $386,000 Investment in IDEX Co. (NYSE:IEX)

AssuredPartners Investment Advisors LLC acquired a new stake in IDEX Co. (NYSE:IEX) in the 4th quarter, Holdings Channel reports. The firm acquired 1,843 shares of the industrial products company’s stock, valued at approximately $386,000.

A number of other institutional investors also recently modified their holdings of IEX. Wellington Management Group LLP increased its stake in IDEX by 108.4% in the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock valued at $607,234,000 after purchasing an additional 1,472,456 shares in the last quarter. Allianz Asset Management GmbH increased its position in IDEX by 133.2% in the 4th quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company’s stock valued at $85,105,000 after buying an additional 232,255 shares in the last quarter. Corient Private Wealth LLC raised its stake in IDEX by 237.1% during the 4th quarter. Corient Private Wealth LLC now owns 256,769 shares of the industrial products company’s stock worth $53,740,000 after buying an additional 180,601 shares during the period. Raymond James Financial Inc. bought a new position in IDEX in the fourth quarter worth approximately $35,375,000. Finally, Johnson Investment Counsel Inc. grew its stake in IDEX by 178.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 254,842 shares of the industrial products company’s stock valued at $53,336,000 after acquiring an additional 163,283 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. 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 note on Wednesday, December 11th. DA Davidson decreased their target price 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. Finally, Royal Bank of Canada dropped their price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Stock Performance

NYSE IEX opened at $180.80 on Friday. 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 company has a fifty day moving average price of $197.16 and a 200-day moving average price of $209.32. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $244.11. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 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%. As a group, 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.