Truist Financial Corp Sells 736 Shares of IDEX Co. (NYSE:IEX)

Truist Financial Corp decreased its holdings in IDEX Co. (NYSE:IEX) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,891 shares of the industrial products company’s stock after selling 736 shares during the period. Truist Financial Corp owned about 0.06% of IDEX worth $10,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEX. Blue Trust Inc. raised its stake in IDEX by 41.9% in the third quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock valued at $97,000 after buying an additional 142 shares during the period. Assenagon Asset Management S.A. grew its position in shares of IDEX by 27.2% in the third quarter. Assenagon Asset Management S.A. now owns 67,650 shares of the industrial products company’s stock valued at $14,511,000 after purchasing an additional 14,457 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of IDEX in the third quarter valued at approximately $98,000. Blackston Financial Advisory Group LLC grew its position in shares of IDEX by 32.8% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,239 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 553 shares during the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in shares of IDEX in the third quarter valued at approximately $248,000. Institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on IEX. Robert W. Baird decreased their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. DA Davidson decreased their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stifel Nicolaus upped their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Citigroup decreased their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada reduced their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Trading Down 1.4 %

Shares of NYSE:IEX opened at $195.92 on Friday. The business’s 50 day simple moving average is $210.29 and its 200 day simple moving average is $211.39. The company has a market capitalization of $14.83 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.97 and a beta of 0.97. IDEX Co. has a 1 year low of $189.51 and a 1 year high of $246.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that IDEX Co. will post 8.31 EPS for the current fiscal year.

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.