Securian Asset Management Inc. Sells 200 Shares of IDEX Co. (NYSE:IEX)

Securian Asset Management Inc. lowered its position in IDEX Co. (NYSE:IEX) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 3,973 shares of the industrial products company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in IDEX were worth $832,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IEX. Assetmark Inc. bought a new position in shares of IDEX in the third quarter worth $39,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of IDEX by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after purchasing an additional 4,465 shares during the period. Victory Capital Management Inc. increased its stake in IDEX by 1.2% in the third quarter. Victory Capital Management Inc. now owns 58,887 shares of the industrial products company’s stock valued at $12,631,000 after acquiring an additional 690 shares during the last quarter. Huntington National Bank increased its stake in IDEX by 22.5% in the third quarter. Huntington National Bank now owns 631 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 116 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in IDEX by 9.3% in the third quarter. Metis Global Partners LLC now owns 8,364 shares of the industrial products company’s stock valued at $1,794,000 after acquiring an additional 714 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Up 2.4 %

Shares of NYSE:IEX opened at $182.47 on Friday. The stock’s 50-day moving average price is $202.65 and its 200-day moving average price is $210.60. IDEX Co. has a 12-month low of $177.71 and a 12-month high of $246.36. The stock has a market capitalization of $13.83 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX) last posted 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 net margin of 15.45% and a return on equity of 16.08%. On average, equities analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IEX shares. Royal Bank of Canada reduced their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. DA Davidson reduced their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.