IDEX Co. (NYSE:IEX) Position Increased by Assetmark Inc.

Assetmark Inc. increased its position in shares of IDEX Co. (NYSE:IEX) by 129.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 417 shares of the industrial products company’s stock after acquiring an additional 235 shares during the period. Assetmark Inc.’s holdings in IDEX were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of IDEX by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 640,183 shares of the industrial products company’s stock worth $133,984,000 after acquiring an additional 9,740 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after buying an additional 106 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in IDEX by 4.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,654 shares of the industrial products company’s stock valued at $554,000 after buying an additional 113 shares in the last quarter. Metis Global Partners LLC raised its holdings in IDEX by 1.3% during the fourth quarter. Metis Global Partners LLC now owns 8,470 shares of the industrial products company’s stock valued at $1,773,000 after buying an additional 106 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in IDEX by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 663,902 shares of the industrial products company’s stock valued at $138,948,000 after buying an additional 4,896 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on IEX. Citigroup cut their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report 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 report on Thursday, February 6th. Stifel Nicolaus raised their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Up 2.4 %

IDEX stock opened at $182.47 on Friday. IDEX Co. has a 52 week low of $177.71 and a 52 week high of $246.36. The firm has a market capitalization of $13.83 billion, a PE ratio of 27.44, a PEG ratio of 1.98 and a beta of 0.99. The business’s 50-day simple moving average is $202.65 and its 200-day simple moving average is $210.55. 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 earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. Equities research analysts forecast that IDEX Co. will post 8.26 earnings per share 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.