IDEX Co. (NYSE:IEX) Shares Acquired by Paloma Partners Management Co

Paloma Partners Management Co grew its holdings in IDEX Co. (NYSE:IEX) by 3,596.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,000 shares of the industrial products company’s stock after buying an additional 38,918 shares during the quarter. Paloma Partners Management Co’s holdings in IDEX were worth $8,372,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IEX. Quarry LP purchased a new stake in shares of IDEX during the 4th quarter valued at approximately $49,000. Jones Financial Companies Lllp raised its position in shares of IDEX by 35.2% during the 4th 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 period. Assetmark Inc. raised its position in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after buying an additional 235 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of IDEX during the 4th quarter valued at approximately $105,000. Finally, BankPlus Trust Department purchased a new stake in shares of IDEX during the 4th quarter valued at approximately $123,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson cut their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Mizuho set a $175.00 target price on shares of IDEX in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on shares of IDEX from $264.00 to $201.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus lowered their target price on shares of IDEX from $256.00 to $192.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.13.

IDEX Stock Performance

NYSE IEX opened at $174.03 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. IDEX Co. has a 1 year low of $153.36 and a 1 year high of $238.22. The company has a market capitalization of $13.15 billion, a PE ratio of 26.17, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a fifty day moving average of $178.94 and a two-hundred day moving average of $203.10.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that IDEX Co. will post 8.26 earnings per share 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.