Mutual of America Capital Management LLC Has $2.21 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Mutual of America Capital Management LLC decreased its position in shares of IDEX Co. (NYSE:IEX) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,166 shares of the industrial products company’s stock after selling 460 shares during the period. Mutual of America Capital Management LLC’s holdings in IDEX were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in IDEX by 120.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 77 shares during the last quarter. Planned Solutions Inc. bought a new position in IDEX in the 4th quarter valued at approximately $33,000. Clear Street Markets LLC lifted its stake in IDEX by 94.7% in the 1st quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 72 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in IDEX in the 4th quarter valued at approximately $54,000. Finally, Covington Capital Management lifted its stake in IDEX by 120.7% in the 3rd quarter. Covington Capital Management now owns 331 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of IDEX from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com raised shares of IDEX from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $255.00 price target on shares of IDEX in a research note on Thursday, March 21st. Stifel Nicolaus raised shares of IDEX from a “hold” rating to a “buy” rating and raised their price target for the company from $215.00 to $265.00 in a research note on Thursday, February 8th. Finally, Citigroup raised their price target on shares of IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.78.

IDEX Price Performance

Shares of NYSE IEX opened at $227.04 on Friday. IDEX Co. has a twelve month low of $183.76 and a twelve month high of $246.36. The firm has a fifty day simple moving average of $236.41 and a 200 day simple moving average of $216.08. The company has a market capitalization of $17.18 billion, a PE ratio of 28.96, a P/E/G ratio of 2.26 and a beta of 0.97. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 0.37.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. IDEX had a net margin of 18.21% and a return on equity of 18.56%. The business had revenue of $788.90 million during the quarter, compared to the consensus estimate of $767.96 million. During the same quarter last year, the firm earned $2.01 earnings per share. IDEX’s quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts forecast that IDEX Co. will post 8.34 EPS for the current 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.