Hahn Capital Management LLC Has $1.16 Million Position in IDEX Co. (NYSE:IEX)

Hahn Capital Management LLC lifted its stake in shares of IDEX Co. (NYSE:IEX) by 47.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,540 shares of the industrial products company’s stock after acquiring an additional 1,786 shares during the period. IDEX accounts for about 0.5% of Hahn Capital Management LLC’s portfolio, making the stock its 28th largest position. Hahn Capital Management LLC’s holdings in IDEX were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of IEX. Wellington Management Group LLP lifted its position in shares of IDEX by 108.4% during 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 acquiring an additional 1,472,456 shares during the period. Van ECK Associates Corp lifted its position in shares of IDEX by 9,424.6% during 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 acquiring an additional 1,021,439 shares during the period. Champlain Investment Partners LLC raised its holdings in IDEX by 28.8% during the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after buying an additional 273,460 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in IDEX by 133.2% during the fourth quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company’s stock worth $85,105,000 after buying an additional 232,255 shares during the last quarter. Finally, DF Dent & Co. Inc. acquired a new position in IDEX during the third quarter worth $31,747,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IEX shares. Robert W. Baird lowered their price objective on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. DA Davidson lowered their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada lowered their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Stifel Nicolaus upped their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Down 1.1 %

Shares of IDEX stock opened at $193.62 on Friday. IDEX Co. has a 12-month low of $189.51 and a 12-month high of $246.36. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.98 and a beta of 0.97. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $207.98 and its 200-day moving average price is $211.47.

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%. On average, equities analysts expect that IDEX Co. will post 8.26 earnings per share 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.