Securian Asset Management Inc. reduced its position in IDEX Co. (NYSE:IEX – Get Rating) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,201 shares of the industrial products company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in IDEX were worth $1,416,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of IDEX by 34.2% during the first quarter. American Century Companies Inc. now owns 3,251 shares of the industrial products company’s stock worth $623,000 after buying an additional 829 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of IDEX during the first quarter worth $1,058,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of IDEX by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,173 shares of the industrial products company’s stock worth $1,950,000 after buying an additional 630 shares during the period. Yousif Capital Management LLC lifted its stake in shares of IDEX by 3.5% during the first quarter. Yousif Capital Management LLC now owns 16,223 shares of the industrial products company’s stock worth $3,110,000 after buying an additional 555 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of IDEX by 24.2% during the first quarter. Sei Investments Co. now owns 82,824 shares of the industrial products company’s stock worth $15,877,000 after buying an additional 16,117 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on IEX. Mizuho boosted their target price on shares of IDEX from $225.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Oppenheimer boosted their target price on shares of IDEX from $245.00 to $247.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. StockNews.com upgraded shares of IDEX from a “hold” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of IDEX from $227.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Finally, Citigroup decreased their target price on shares of IDEX from $273.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, February 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $240.27.
IDEX Stock Up 0.2 %
IDEX (NYSE:IEX – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. IDEX had a net margin of 18.44% and a return on equity of 21.44%. The company had revenue of $810.70 million during the quarter, compared to analysts’ expectations of $772.75 million. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts expect that IDEX Co. will post 8.74 earnings per share for the current year.
Insider Transactions at IDEX
In other news, CFO William K. Grogan sold 3,181 shares of the business’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $226.36, for a total transaction of $720,051.16. Following the completion of the sale, the chief financial officer now owns 13,864 shares of the company’s stock, valued at $3,138,255.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.
IDEX Profile
IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.
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