3,394 Shares in IDEX Co. (NYSE:IEX) Acquired by Aster Capital Management DIFC Ltd

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp grew its holdings in shares of IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after buying an additional 106 shares during the last quarter. Assetmark Inc. lifted its position in IDEX by 129.1% during 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 during the period. BankPlus Trust Department purchased a new stake in IDEX during the 4th quarter valued at about $123,000. EverSource Wealth Advisors LLC increased its holdings in shares of IDEX by 49.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 196 shares during the period. Finally, GAMMA Investing LLC raised its stake 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 worth $129,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

IEX has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus upped their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. DA Davidson reduced 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. Finally, Citigroup lowered their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.71.

IDEX Stock Performance

Shares of NYSE IEX opened at $162.33 on Friday. The company has a market capitalization of $12.26 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The company’s fifty day moving average price is $192.73 and its 200 day moving average price is $208.52. IDEX Co. has a 1 year low of $160.13 and a 1 year high of $241.97.

IDEX (NYSE:IEX) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. On average, research analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

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.