Asset Management One Co. Ltd. Increases Position in IDEX Co. (NYSE:IEX)

Asset Management One Co. Ltd. raised its position in IDEX Co. (NYSE:IEX) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,250 shares of the industrial products company’s stock after purchasing an additional 1,209 shares during the period. Asset Management One Co. Ltd.’s holdings in IDEX were worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IEX. Wellington Management Group LLP boosted its holdings in shares of IDEX by 108.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock valued at $607,234,000 after buying an additional 1,472,456 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after buying an additional 1,021,439 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of IDEX by 28.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock valued at $262,479,000 after buying an additional 273,460 shares in the last quarter. DF Dent & Co. Inc. acquired a new position in shares of IDEX in the 3rd quarter valued at $31,747,000. Finally, King Luther Capital Management Corp boosted its holdings in shares of IDEX by 16.2% in the 3rd quarter. King Luther Capital Management Corp now owns 742,724 shares of the industrial products company’s stock valued at $159,314,000 after buying an additional 103,432 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IEX. Robert W. Baird lowered their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup decreased their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada decreased their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.00.

IDEX Stock Up 0.6 %

Shares of IDEX stock opened at $196.40 on Wednesday. The company has a market cap of $14.87 billion, a P/E ratio of 29.53, a PEG ratio of 1.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.11 and a current ratio of 2.53. IDEX Co. has a one year low of $189.51 and a one year high of $246.36. The firm has a fifty day moving average of $211.46 and a two-hundred day moving average of $211.59.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. On average, analysts forecast that IDEX Co. will post 8.37 earnings per share for the current year.

About IDEX

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.