Guggenheim Capital LLC Boosts Stock Holdings in IDEX Co. (NYSE:IEX)

Guggenheim Capital LLC grew its holdings in IDEX Co. (NYSE:IEX) by 16.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,256 shares of the industrial products company’s stock after acquiring an additional 176 shares during the period. Guggenheim Capital LLC’s holdings in IDEX were worth $263,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 106 shares during the period. Assetmark Inc. raised its stake in shares of IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 235 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in shares of IDEX in the 4th quarter valued at $105,000. BankPlus Trust Department purchased a new position in shares of IDEX in the 4th quarter valued at $123,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of IDEX by 49.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 0.6 %

NYSE:IEX opened at $174.03 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $178.94 and its two-hundred day moving average is $203.10. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. The company has a market cap of $13.15 billion, a PE ratio of 26.17, a P/E/G ratio of 1.98 and a beta of 1.05.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IEX shares. Stifel Nicolaus dropped their price target on shares of IDEX from $256.00 to $192.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. 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 note on Thursday, February 6th. Citigroup dropped their price target on shares of IDEX from $264.00 to $201.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Mizuho set a $175.00 price target on shares of IDEX in a research note on Tuesday, April 22nd. Finally, DA Davidson dropped their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.13.

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.