IDEX Co. (NYSE:IEX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of IDEX Co. (NYSE:IEX) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,507 shares of the industrial products company’s stock after selling 160 shares during the period. Mackenzie Financial Corp’s holdings in IDEX were worth $1,413,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Avior Wealth Management LLC boosted its holdings in shares of IDEX by 2.3% in the third quarter. Avior Wealth Management LLC now owns 2,210 shares of the industrial products company’s stock worth $460,000 after buying an additional 49 shares during the period. CWM LLC boosted its holdings in shares of IDEX by 3.1% in the third quarter. CWM LLC now owns 1,719 shares of the industrial products company’s stock worth $358,000 after buying an additional 52 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of IDEX by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 4,289 shares of the industrial products company’s stock worth $892,000 after buying an additional 53 shares during the period. DB Fitzpatrick & Co Inc boosted its holdings in shares of IDEX by 2.1% in the third quarter. DB Fitzpatrick & Co Inc now owns 2,766 shares of the industrial products company’s stock worth $575,000 after buying an additional 56 shares during the period. Finally, Jacobson & Schmitt Advisors LLC boosted its holdings in shares of IDEX by 5.0% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 1,242 shares of the industrial products company’s stock worth $258,000 after buying an additional 59 shares during the period. Institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer raised their target price on shares of IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com cut shares of IDEX from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup raised their price target on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a $255.00 price target on shares of IDEX in a report on Thursday, March 21st. Finally, Stifel Nicolaus upgraded shares of IDEX from a “hold” rating to a “buy” rating and raised their price target for the stock from $215.00 to $265.00 in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.78.

IDEX Trading Down 3.3 %

Shares of NYSE:IEX opened at $224.64 on Thursday. The stock has a market capitalization of $17.00 billion, a PE ratio of 28.65, a P/E/G ratio of 2.30 and a beta of 0.97. IDEX Co. has a 1 year low of $183.76 and a 1 year high of $246.36. The firm has a fifty day moving average price of $236.58 and a 200 day moving average price of $216.55. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 0.37.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.12. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.52 million. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 EPS. Analysts expect that IDEX Co. will post 8.34 EPS for the current fiscal year.

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.