Impax Asset Management Group plc Sells 92,415 Shares of IDEX Co. (NYSE:IEX)

Impax Asset Management Group plc cut its holdings in IDEX Co. (NYSE:IEX) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,799,552 shares of the industrial products company’s stock after selling 92,415 shares during the quarter. IDEX accounts for 1.7% of Impax Asset Management Group plc’s investment portfolio, making the stock its 15th largest holding. Impax Asset Management Group plc owned about 2.38% of IDEX worth $376,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC grew its stake in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after buying an additional 59 shares during the period. Assetmark Inc. acquired a new stake in IDEX in the third quarter valued at approximately $39,000. Brooklyn Investment Group bought a new stake in shares of IDEX during the third quarter valued at approximately $86,000. Fred Alger Management LLC acquired a new position in shares of IDEX during the third quarter worth approximately $89,000. Finally, Millburn Ridgefield Corp lifted its holdings in shares of IDEX by 475.0% in the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 380 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

IDEX Price Performance

Shares of NYSE IEX opened at $192.96 on Monday. The company has a market capitalization of $14.61 billion, a PE ratio of 29.02, a PEG ratio of 1.98 and a beta of 0.97. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $209.69 and its 200-day moving average price is $211.68. IDEX Co. has a twelve month low of $189.51 and a twelve month high of $246.36.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. On average, equities analysts anticipate that IDEX Co. will post 8.26 EPS for the current 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.