Jones Financial Companies Lllp Has $85,000 Stake in IDEX Co. (NYSE:IEX)

Jones Financial Companies Lllp grew its holdings in IDEX Co. (NYSE:IEX) by 35.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407 shares of the industrial products company’s stock after purchasing an additional 106 shares during the period. Jones Financial Companies Lllp’s holdings in IDEX were worth $85,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of IDEX by 4.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,654 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 113 shares during the period. Metis Global Partners LLC increased its holdings in shares of IDEX by 1.3% in the 4th quarter. Metis Global Partners LLC now owns 8,470 shares of the industrial products company’s stock valued at $1,773,000 after purchasing an additional 106 shares during the period. Fisher Asset Management LLC increased its holdings in shares of IDEX by 0.7% in the 4th quarter. Fisher Asset Management LLC now owns 663,902 shares of the industrial products company’s stock valued at $138,948,000 after purchasing an additional 4,896 shares during the period. GW&K Investment Management LLC increased its holdings in shares of IDEX by 0.7% in the 4th quarter. GW&K Investment Management LLC now owns 374,587 shares of the industrial products company’s stock valued at $78,397,000 after purchasing an additional 2,745 shares during the period. Finally, Hahn Capital Management LLC increased its holdings in IDEX by 47.6% in the fourth quarter. Hahn Capital Management LLC now owns 5,540 shares of the industrial products company’s stock worth $1,159,000 after buying an additional 1,786 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Up 2.4 %

Shares of IDEX stock opened at $182.47 on Monday. The stock has a market capitalization of $13.83 billion, a P/E ratio of 27.44, a PEG ratio of 1.98 and a beta of 0.99. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $202.65 and a two-hundred day moving average price of $210.65. IDEX Co. has a 12-month low of $177.71 and a 12-month high of $246.36.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) 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 analysts expect that IDEX Co. will post 8.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Citigroup dropped their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the stock 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 report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.71.

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.