Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.37 Million Position in IDEX Co. (NYSE:IEX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in IDEX Co. (NYSE:IEX) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,101 shares of the industrial products company’s stock after selling 379 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in IDEX were worth $3,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp boosted its stake in IDEX by 0.5% in the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock worth $647,356,000 after purchasing an additional 15,077 shares in the last quarter. Wellington Management Group LLP boosted 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 worth $607,234,000 after purchasing an additional 1,472,456 shares in the last quarter. Geode Capital Management LLC raised its position in shares of IDEX by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock worth $404,339,000 after acquiring an additional 23,388 shares during the last quarter. Barclays PLC raised its position in shares of IDEX by 1.2% during the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock worth $252,603,000 after acquiring an additional 14,360 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of IDEX by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 862,625 shares of the industrial products company’s stock worth $181,272,000 after acquiring an additional 43,786 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Down 0.9 %

Shares of IDEX stock opened at $182.02 on Monday. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $245.70. The business has a 50-day moving average of $200.23 and a two-hundred day moving average of $209.94. The company has a market capitalization of $13.79 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, equities analysts predict that IDEX Co. will post 8.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson dropped their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Citigroup dropped their target price on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.