Northwest & Ethical Investments L.P. Decreases Position in IDEX Co. (NYSE:IEX)

Northwest & Ethical Investments L.P. trimmed its holdings in shares of IDEX Co. (NYSE:IEX) by 11.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 96,148 shares of the industrial products company’s stock after selling 12,759 shares during the period. Northwest & Ethical Investments L.P.’s holdings in IDEX were worth $20,123,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings in shares of IDEX by 4.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock valued at $6,386,000 after acquiring an additional 1,209 shares in the last quarter. Cerity Partners LLC grew its position in IDEX by 48.3% during the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 6,720 shares during the last quarter. Assetmark Inc. increased its stake in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 235 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock worth $53,720,000 after buying an additional 16,504 shares during the period. Finally, Covea Finance grew its holdings in shares of IDEX by 70.6% during the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after buying an additional 6,000 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 0.1 %

Shares of IEX stock opened at $184.74 on Thursday. The stock has a market cap of $14.00 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a twelve month low of $177.71 and a twelve month high of $246.36. The stock has a 50 day moving average of $201.21 and a 200 day moving average of $210.18. 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 announced its quarterly 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 net margin of 15.45% and a return on equity of 16.08%. As a group, sell-side analysts expect that IDEX Co. will post 8.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IEX shares. DA Davidson reduced their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Citigroup reduced their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada dropped 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. Finally, Stifel Nicolaus lifted their price objective on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.71.

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.