New York State Common Retirement Fund Sells 4,000 Shares of IDEX Co. (NYSE:IEX)

New York State Common Retirement Fund lowered its stake in IDEX Co. (NYSE:IEX) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 72,173 shares of the industrial products company’s stock after selling 4,000 shares during the period. New York State Common Retirement Fund’s holdings in IDEX were worth $15,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its stake in IDEX by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock valued at $6,386,000 after buying an additional 1,209 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of IDEX by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock valued at $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Cerity Partners LLC lifted its position in shares of IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 6,720 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock worth $53,720,000 after purchasing an additional 16,504 shares during the last quarter. Finally, Covea Finance grew its position in IDEX by 70.6% in the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of NYSE IEX opened at $192.96 on Monday. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36. The stock has a 50 day moving average of $209.69 and a 200-day moving average of $211.68. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $14.61 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.98 and a beta of 0.97.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 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, equities research analysts predict that IDEX Co. will post 8.26 EPS for the current year.

Wall Street Analyst Weigh In

IEX has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective 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. DA Davidson dropped their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird lowered their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.71.

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.