Aster Capital Management DIFC Ltd Invests $710,000 in IDEX Co. (NYSE:IEX)

Aster Capital Management DIFC Ltd acquired a new stake in shares of IDEX Co. (NYSE:IEX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,394 shares of the industrial products company’s stock, valued at approximately $710,000.

Several other hedge funds also recently bought and sold shares of IEX. Jones Financial Companies Lllp grew its holdings in shares of IDEX by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 106 shares during the last quarter. Assetmark Inc. grew its stake in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 235 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of IDEX during the fourth quarter worth approximately $123,000. EverSource Wealth Advisors LLC raised its stake in shares of IDEX by 49.7% during 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. Finally, GAMMA Investing LLC boosted its holdings in shares of IDEX by 416.0% in the fourth quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 495 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IDEX stock opened at $162.33 on Friday. The company has a market capitalization of $12.26 billion, a PE ratio of 24.41, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a 50-day simple moving average of $192.73 and a two-hundred day simple moving average of $208.52. IDEX Co. has a one year low of $160.13 and a one year high of $241.97. 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 posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping 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%. Research analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada cut their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus upped their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup cut their target price 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $241.71.

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.