IDEX Co. (NYSE:IEX) Stock Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of IDEX Co. (NYSE:IEX) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,005 shares of the industrial products company’s stock after buying an additional 11,442 shares during the period. Russell Investments Group Ltd.’s holdings in IDEX were worth $12,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEX. Nordea Investment Management AB raised its position in shares of IDEX by 1,196.4% during the 4th quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company’s stock worth $29,598,000 after purchasing an additional 125,348 shares during the period. Impax Asset Management Group plc increased its position in IDEX by 4.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,190,741 shares of the industrial products company’s stock worth $475,632,000 after buying an additional 84,502 shares during the period. Lincoln National Corp lifted its stake in IDEX by 7.1% in the third quarter. Lincoln National Corp now owns 1,564 shares of the industrial products company’s stock valued at $325,000 after buying an additional 104 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of IDEX by 13.3% during the third quarter. Deutsche Bank AG now owns 244,610 shares of the industrial products company’s stock valued at $50,884,000 after acquiring an additional 28,661 shares during the period. Finally, Raymond James & Associates grew its position in shares of IDEX by 11.2% during the fourth quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company’s stock worth $16,601,000 after acquiring an additional 7,684 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

IEX opened at $220.42 on Friday. The company has a quick ratio of 2.45, a current ratio of 3.37 and a debt-to-equity ratio of 0.37. The firm has a market cap of $16.68 billion, a PE ratio of 29.00, a P/E/G ratio of 2.21 and a beta of 0.99. The business has a fifty day simple moving average of $235.22 and a 200-day simple moving average of $217.25. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The firm had revenue of $801.00 million for the quarter, compared to analysts’ expectations of $807.52 million. During the same quarter last year, the business posted $2.09 EPS. IDEX’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that IDEX Co. will post 8.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $255.00 target price on shares of IDEX in a research report on Thursday, March 21st. Oppenheimer increased their price objective on IDEX from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Robert W. Baird cut their target price on IDEX from $260.00 to $256.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Stifel Nicolaus raised IDEX from a “hold” rating to a “buy” rating and increased their price target for the stock from $215.00 to $265.00 in a research note on Thursday, February 8th. Finally, StockNews.com cut shares of IDEX from a “buy” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.71.

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.