IDEX Co. (NYSE:IEX) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in IDEX Co. (NYSE:IEX) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,620,252 shares of the industrial products company’s stock after purchasing an additional 95,840 shares during the period. Pictet Asset Management Holding SA’s holdings in IDEX were worth $339,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IEX. Vanguard Group Inc. increased its position in IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company’s stock worth $1,947,654,000 after buying an additional 63,432 shares during the period. State Street Corp grew its position in shares of IDEX by 0.5% during the third quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock worth $647,356,000 after acquiring an additional 15,077 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of IDEX by 108.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock worth $607,234,000 after acquiring an additional 1,472,456 shares during the period. Geode Capital Management LLC lifted its position in IDEX by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock valued at $404,339,000 after purchasing an additional 23,388 shares during the last quarter. Finally, Barclays PLC boosted its stake in IDEX by 1.2% during the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after purchasing an additional 14,360 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of NYSE IEX opened at $184.02 on Friday. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $245.70. The firm has a market cap of $13.95 billion, a P/E ratio of 27.67, a PEG ratio of 1.98 and a beta of 0.99. The stock has a fifty day moving average price of $197.86 and a two-hundred day moving average price of $209.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. Research analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on IEX. 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. DA Davidson lowered their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup decreased their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus price target 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.