Robeco Schweiz AG Cuts Stake in IDEX Co. (NYSE:IEX)

Robeco Schweiz AG cut its stake in IDEX Co. (NYSE:IEX) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,063 shares of the industrial products company’s stock after selling 54,124 shares during the period. Robeco Schweiz AG owned about 0.37% of IDEX worth $59,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEX. Wellington Management Group LLP boosted its stake in shares of IDEX by 108.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock valued at $607,234,000 after buying an additional 1,472,456 shares during the period. Van ECK Associates Corp raised its holdings in IDEX by 9,424.6% in the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after acquiring an additional 1,021,439 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in IDEX by 28.8% in the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after acquiring an additional 273,460 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in IDEX by 133.2% during the 4th quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company’s stock worth $85,105,000 after acquiring an additional 232,255 shares in the last quarter. Finally, DF Dent & Co. Inc. purchased a new stake in shares of IDEX in the 3rd quarter valued at approximately $31,747,000. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Performance

Shares of IDEX stock opened at $195.79 on Thursday. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.98 and a beta of 0.97. The firm’s fifty day simple moving average is $208.31 and its 200-day simple moving average is $211.59. 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 12 month low of $189.51 and a 12 month high of $246.36.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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 forecast that IDEX Co. will post 8.26 earnings per share for the current year.

Analysts Set New Price Targets

IEX has been the topic of several recent analyst reports. 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. Royal Bank of Canada dropped their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird dropped their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup reduced their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average price target of $241.71.

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.