IDEX (NYSE:IEX – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other analysts have also recently issued reports on IEX. Zacks Investment Research raised IDEX from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a research note on Friday, February 4th. Cowen upgraded IDEX from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a research note on Wednesday, March 9th. Citigroup lowered their price objective on IDEX from $269.00 to $248.00 in a research report on Thursday, February 3rd. Robert W. Baird decreased their price target on IDEX from $251.00 to $233.00 in a research report on Thursday, February 3rd. Finally, Loop Capital decreased their price target on IDEX from $225.00 to $210.00 in a research report on Monday, April 4th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, IDEX currently has an average rating of “Buy” and a consensus price target of $235.15.
IEX traded down $1.14 during trading on Thursday, reaching $196.03. 289,360 shares of the company’s stock were exchanged, compared to its average volume of 460,946. IDEX has a fifty-two week low of $181.66 and a fifty-two week high of $240.33. The company has a quick ratio of 2.72, a current ratio of 3.50 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $192.80 and a 200 day moving average price of $213.05. The company has a market capitalization of $14.92 billion, a P/E ratio of 33.34, a PEG ratio of 2.10 and a beta of 1.11.
Hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. boosted its position in shares of IDEX by 0.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 69,239 shares of the industrial products company’s stock valued at $10,506,000 after buying an additional 301 shares during the last quarter. Signaturefd LLC boosted its position in shares of IDEX by 15.0% during the third quarter. Signaturefd LLC now owns 345 shares of the industrial products company’s stock valued at $71,000 after buying an additional 45 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of IDEX by 27.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,373 shares of the industrial products company’s stock valued at $698,000 after buying an additional 734 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of IDEX by 76.3% during the third quarter. SG Americas Securities LLC now owns 5,754 shares of the industrial products company’s stock valued at $1,191,000 after buying an additional 2,491 shares during the last quarter. Finally, ING Groep NV boosted its position in shares of IDEX by 2.3% during the third quarter. ING Groep NV now owns 6,380 shares of the industrial products company’s stock valued at $1,320,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.
IDEX Company Profile (Get Rating)
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, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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