Dupont Capital Management Corp Reduces Holdings in IDEX Co. (NYSE:IEX)

Dupont Capital Management Corp cut its stake in shares of IDEX Co. (NYSE:IEXFree Report) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,043 shares of the industrial products company’s stock after selling 3,988 shares during the quarter. Dupont Capital Management Corp’s holdings in IDEX were worth $9,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in IDEX by 1,196.4% during the 4th quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company’s stock valued at $29,598,000 after acquiring an additional 125,348 shares during the period. Lincoln National Corp lifted its holdings in IDEX by 7.1% in the 3rd quarter. Lincoln National Corp now owns 1,564 shares of the industrial products company’s stock worth $325,000 after buying an additional 104 shares during the period. Deutsche Bank AG grew its position in shares of IDEX by 13.3% in the 3rd quarter. Deutsche Bank AG now owns 244,610 shares of the industrial products company’s stock worth $50,884,000 after buying an additional 28,661 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of IDEX in the 4th quarter worth approximately $2,389,000. Finally, Trust Co of the South bought a new stake in shares of IDEX in the 4th quarter worth approximately $263,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Down 0.5 %

IEX stock opened at $239.58 on Wednesday. IDEX Co. has a 1-year low of $183.76 and a 1-year high of $246.36. The business has a fifty day moving average price of $231.88 and a 200-day moving average price of $213.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.05. The stock has a market capitalization of $18.13 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.40 and a beta of 0.97.

IDEX (NYSE:IEXGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The firm had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $767.96 million. During the same quarter in the previous year, the business earned $2.01 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. Equities analysts forecast that IDEX Co. will post 8.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IEX has been the topic of a number of recent analyst reports. Stifel Nicolaus upgraded IDEX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $215.00 to $265.00 in a research report on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and issued a $255.00 target price on shares of IDEX in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average price target of $235.56.

Get Our Latest Stock Analysis on IEX

About IDEX

(Free Report)

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.

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Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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