Analysts Set IDEX Co. (NYSE:IEX) PT at $241.71

IDEX Co. (NYSE:IEX) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $241.71.

Several equities research analysts have weighed in on IEX shares. Citigroup reduced their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada cut their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DA Davidson lowered their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Institutional Investors Weigh In On IDEX

Large investors have recently added to or reduced their stakes in the stock. Banque de Luxembourg S.A. purchased a new stake in shares of IDEX in the fourth quarter valued at approximately $27,000. Assetmark Inc. bought a new stake in IDEX during the 3rd quarter valued at $39,000. Quarry LP purchased a new stake in shares of IDEX in the 4th quarter worth $49,000. Brooklyn Investment Group bought a new position in shares of IDEX during the 3rd quarter worth $86,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 106 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Down 1.5 %

NYSE IEX opened at $181.96 on Monday. The stock has a 50 day moving average price of $203.70 and a 200-day moving average price of $210.93. IDEX has a one year low of $181.09 and a one year high of $246.36. The company has a market capitalization of $13.79 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. As a group, equities analysts predict that IDEX will post 8.26 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.