IDEX Co. (NYSE:IEX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of IDEX Co. (NYSE:IEX) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,173 shares of the industrial products company’s stock after selling 4,000 shares during the period. New York State Common Retirement Fund owned approximately 0.10% of IDEX worth $15,105,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IEX. Catalyst Capital Advisors LLC lifted its position 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 worth $30,000 after buying an additional 59 shares during the last quarter. Assetmark Inc. bought a new position in IDEX in the third quarter worth about $39,000. Brooklyn Investment Group acquired a new position in IDEX in the third quarter valued at approximately $86,000. Fred Alger Management LLC bought a new position in shares of IDEX during the third quarter valued at approximately $89,000. Finally, Blue Trust Inc. raised its position in shares of IDEX by 41.9% during the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 142 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IEX has been the topic of several recent research reports. Citigroup cut their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada reduced their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Robert W. Baird lowered their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, DA Davidson cut their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Down 1.6 %

NYSE:IEX opened at $192.96 on Monday. The stock has a fifty day simple moving average of $209.69 and a 200 day simple moving average of $211.68. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. 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 firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last announced 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 net margin of 15.45% and a return on equity of 16.08%. Sell-side analysts forecast that IDEX Co. will post 8.26 earnings per share 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.