Securian Asset Management Inc. Sells 200 Shares of IDEX Co. (NYSE:IEX)

Securian Asset Management Inc. reduced its stake in shares of IDEX Co. (NYSE:IEX) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,973 shares of the industrial products company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in IDEX were worth $832,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of IDEX by 49.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 196 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of IDEX by 21.8% in the fourth quarter. HighTower Advisors LLC now owns 12,546 shares of the industrial products company’s stock valued at $2,626,000 after acquiring an additional 2,242 shares in the last quarter. Net Worth Advisory Group grew its holdings in shares of IDEX by 2.8% in the fourth quarter. Net Worth Advisory Group now owns 2,651 shares of the industrial products company’s stock valued at $555,000 after acquiring an additional 73 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of IDEX by 178.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 254,842 shares of the industrial products company’s stock valued at $53,336,000 after acquiring an additional 163,283 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of IDEX by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,106 shares of the industrial products company’s stock valued at $2,533,000 after acquiring an additional 674 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

IDEX Trading Up 2.4 %

NYSE:IEX opened at $182.47 on Friday. The company has a market cap of $13.83 billion, a P/E ratio of 27.44, a P/E/G ratio of 1.98 and a beta of 0.99. The stock’s fifty day moving average price is $202.65 and its two-hundred day moving average price is $210.60. IDEX Co. has a 1 year low of $177.71 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 posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) 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, analysts expect that IDEX Co. will post 8.26 EPS for the current year.

IDEX 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.