UniSuper Management Pty Ltd Has $2.08 Million Holdings in IDEX Co. (NYSE:IEX)

UniSuper Management Pty Ltd grew its holdings in IDEX Co. (NYSE:IEX) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,933 shares of the industrial products company’s stock after acquiring an additional 1,017 shares during the period. UniSuper Management Pty Ltd’s holdings in IDEX were worth $2,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its holdings in IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 48 shares during the last quarter. Albert D Mason Inc. lifted its stake in shares of IDEX by 1.3% during the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock worth $948,000 after buying an additional 56 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after buying an additional 59 shares during the period. Blackston Financial Advisory Group LLC grew its stake in IDEX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company’s stock valued at $481,000 after buying an additional 60 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its holdings in IDEX by 3.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 63 shares during the period. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IEX has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Citigroup decreased their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. DA Davidson dropped their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price target 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. Three 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, IDEX presently has an average rating of “Moderate Buy” and an average price target of $241.71.

IDEX Stock Performance

IEX opened at $180.80 on Monday. 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 Co. has a 52-week low of $177.71 and a 52-week high of $244.11. The firm has a market cap of $13.66 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The business’s fifty day moving average is $197.16 and its 200-day moving average is $209.49.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Sell-side analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX 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.