Headlands Technologies LLC Buys Shares of 238 IDEX Co. (NYSE:IEX)

Headlands Technologies LLC purchased a new position in shares of IDEX Co. (NYSE:IEX) during the fourth quarter, HoldingsChannel reports. The firm purchased 238 shares of the industrial products company’s stock, valued at approximately $52,000.

Other institutional investors also recently modified their holdings of the company. Sonen Capital LLC lifted its holdings in IDEX by 13.0% during the 4th quarter. Sonen Capital LLC now owns 2,776 shares of the industrial products company’s stock worth $603,000 after buying an additional 319 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its position in shares of IDEX by 0.6% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 284,658 shares of the industrial products company’s stock worth $61,802,000 after acquiring an additional 1,767 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of IDEX by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 269,023 shares of the industrial products company’s stock worth $58,408,000 after acquiring an additional 5,093 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in IDEX by 121.7% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 3,620 shares of the industrial products company’s stock valued at $786,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Duality Advisers LP increased its position in IDEX by 97.3% during the 4th quarter. Duality Advisers LP now owns 25,539 shares of the industrial products company’s stock valued at $5,545,000 after purchasing an additional 12,593 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IDEX stock opened at $221.38 on Thursday. The business has a 50-day simple moving average of $236.09 and a 200 day simple moving average of $217.07. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.45. IDEX Co. has a one year low of $183.76 and a one year high of $246.36.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The firm had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.52 million. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts anticipate that IDEX Co. will post 8.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IEX has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Robert W. Baird dropped their target price on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Oppenheimer increased their price target on IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $255.00 price objective on shares of IDEX in a research note on Thursday, March 21st. Finally, Stifel Nicolaus raised IDEX from a “hold” rating to a “buy” rating and raised their target price for the stock from $215.00 to $265.00 in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and a consensus target price of $250.71.

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.