Aristotle Capital Boston LLC boosted its holdings in IDEX Corporation (NYSE:IEX – Free Report) by 20.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,253 shares of the industrial products company’s stock after purchasing an additional 2,925 shares during the quarter. Aristotle Capital Boston LLC’s holdings in IDEX were worth $2,808,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in IEX. Capital A Wealth Management LLC acquired a new position in IDEX during the second quarter worth approximately $28,000. UMB Bank n.a. boosted its holdings in shares of IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of IDEX during the 2nd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX during the 2nd quarter valued at $35,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of IDEX during the 2nd quarter worth $39,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.
IDEX Trading Down 0.0%
Shares of IEX opened at $188.11 on Monday. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $217.15. The stock’s 50-day moving average is $200.10 and its two-hundred day moving average is $179.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a market cap of $13.99 billion, a PE ratio of 29.35, a P/E/G ratio of 1.90 and a beta of 0.98.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. DA Davidson increased their target price on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Argus upgraded IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Friday, February 6th. Oppenheimer restated an “outperform” rating and issued a $230.00 price objective on shares of IDEX in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price objective on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Citigroup boosted their target price on IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $228.22.
Get Our Latest Research Report on IEX
IDEX Profile
IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.
Operations at IDEX are organized into three principal segments.
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