Larson Financial Group LLC Raises Position in IDEX Co. (NYSE:IEX)

Larson Financial Group LLC raised its holdings in IDEX Co. (NYSE:IEX) by 11.3% in the fourth quarter, Holdings Channel reports. The fund owned 896 shares of the industrial products company’s stock after buying an additional 91 shares during the period. Larson Financial Group LLC’s holdings in IDEX were worth $188,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Studio Investment Management LLC raised its holdings in IDEX by 4.9% in the 3rd quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 45 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in IDEX by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 48 shares during the last quarter. Albert D Mason Inc. raised its holdings in IDEX by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock valued at $948,000 after acquiring an additional 56 shares during the last quarter. Diversified Trust Co raised its holdings in IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock valued at $1,300,000 after acquiring an additional 59 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC increased its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

IDEX Stock Performance

Shares of IEX stock opened at $185.13 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a 52 week low of $181.09 and a 52 week high of $246.36. The stock has a market capitalization of $14.03 billion, a PE ratio of 27.84, a P/E/G ratio of 1.98 and a beta of 0.99. The firm has a 50 day moving average of $204.24 and a two-hundred day moving average of $211.13.

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