Treasurer of the State of North Carolina Buys 200 Shares of IDEX Co. (NYSE:IEX)

Treasurer of the State of North Carolina lifted its position in IDEX Co. (NYSE:IEX) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,306 shares of the industrial products company’s stock after purchasing an additional 200 shares during the quarter. Treasurer of the State of North Carolina’s holdings in IDEX were worth $6,971,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its stake in 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 worth $6,386,000 after buying an additional 1,209 shares during the last quarter. Assetmark Inc. increased its holdings 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. Covea Finance raised its position in IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after purchasing an additional 6,000 shares during the last quarter. Barclays PLC boosted its stake in IDEX by 1.2% in the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock worth $252,603,000 after purchasing an additional 14,360 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of IDEX by 27.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,330 shares of the industrial products company’s stock worth $488,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, DA Davidson dropped their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Price Performance

IEX opened at $168.23 on Monday. The company has a fifty day moving average price of $185.17 and a two-hundred day moving average price of $206.42. The firm has a market capitalization of $12.71 billion, a PE ratio of 25.30, a P/E/G ratio of 1.98 and a beta of 1.05. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. 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 data on Tuesday, February 4th. The industrial products company reported $2.04 EPS 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%. As a group, analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current year.

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.