IDEX Co. (NYSE:IEX) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in IDEX Co. (NYSE:IEX) by 161.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,103 shares of the industrial products company’s stock after acquiring an additional 6,849 shares during the period. Quantbot Technologies LP’s holdings in IDEX were worth $2,324,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 106 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of IDEX in the third quarter valued at $86,000. Assetmark Inc. increased its holdings in IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after buying an additional 235 shares during the last quarter. Fred Alger Management LLC purchased a new position in IDEX in the third quarter valued at $89,000. Finally, Millburn Ridgefield Corp increased its holdings in IDEX by 475.0% in the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock valued at $99,000 after buying an additional 380 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Performance

Shares of IEX stock opened at $182.02 on Monday. The stock’s 50-day moving average is $200.23 and its two-hundred day moving average is $209.94. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $245.70. 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 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 return on equity of 16.08% and a net margin of 15.45%. Analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IEX shares. Stifel Nicolaus increased 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. Citigroup dropped 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. DA Davidson dropped their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, 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 report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average target price 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.