Natixis Advisors LLC Sells 2,151 Shares of IDEX Co. (NYSE:IEX)

Natixis Advisors LLC decreased its holdings in IDEX Co. (NYSE:IEX) by 5.8% in the fourth quarter, Holdings Channel reports. The fund owned 34,884 shares of the industrial products company’s stock after selling 2,151 shares during the quarter. Natixis Advisors LLC’s holdings in IDEX were worth $7,301,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of IDEX in the 3rd quarter valued at about $86,000. Jones Financial Companies Lllp lifted its holdings in shares of IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 106 shares during the last quarter. Fred Alger Management LLC bought a new position in shares of IDEX in the 3rd quarter valued at about $89,000. Assetmark Inc. lifted its holdings in shares of IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 235 shares during the last quarter. Finally, Millburn Ridgefield Corp lifted its holdings in shares of IDEX by 475.0% in the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

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

IDEX Stock Performance

Shares of NYSE:IEX opened at $183.89 on Friday. The firm has a market cap of $13.94 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The firm’s 50 day simple moving average is $200.71 and its 200-day simple moving average is $209.99. IDEX Co. has a one year low of $177.71 and a one year high of $246.36. 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 issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping 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%. As a group, equities analysts predict that IDEX Co. will post 8.26 EPS for the current 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.