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

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

Several other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock worth $254,000 after buying an additional 48 shares in the last quarter. Albert D Mason Inc. increased its stake in IDEX by 1.3% during the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock worth $948,000 after buying an additional 56 shares in the last quarter. Diversified Trust Co increased its stake in IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after buying an additional 59 shares in the last quarter. Blackston Financial Advisory Group LLC increased its stake in IDEX by 2.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company’s stock worth $481,000 after buying an additional 60 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its position in shares of IDEX by 3.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 63 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Trading Down 0.9 %

Shares of IDEX stock opened at $182.02 on Monday. The firm has a market capitalization 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 fifty-two week low of $177.71 and a fifty-two week 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. The stock has a 50 day moving average of $200.23 and a 200 day moving average of $209.94.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, research analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IEX shares. DA Davidson dropped their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price target on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Citigroup dropped their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada dropped their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.71.

About IDEX

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.