Generali Asset Management SPA SGR Buys Shares of 4,586 IDEX Co. (NYSE:IEX)

Generali Asset Management SPA SGR purchased a new position in shares of IDEX Co. (NYSE:IEX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,586 shares of the industrial products company’s stock, valued at approximately $960,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cibc World Markets Corp lifted its holdings in IDEX by 16.2% during the 4th quarter. Cibc World Markets Corp now owns 11,977 shares of the industrial products company’s stock worth $2,507,000 after buying an additional 1,667 shares in the last quarter. Nicholas Company Inc. raised its stake in shares of IDEX by 6.2% in the fourth quarter. Nicholas Company Inc. now owns 86,753 shares of the industrial products company’s stock valued at $18,157,000 after acquiring an additional 5,103 shares in the last quarter. Glenview Trust co boosted its holdings in IDEX by 2.1% in the fourth quarter. Glenview Trust co now owns 6,508 shares of the industrial products company’s stock valued at $1,362,000 after purchasing an additional 135 shares during the period. Corient Private Wealth LLC increased its holdings in IDEX by 237.1% during the 4th quarter. Corient Private Wealth LLC now owns 256,769 shares of the industrial products company’s stock worth $53,740,000 after purchasing an additional 180,601 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of IDEX by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,662 shares of the industrial products company’s stock worth $766,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.4 %

IEX opened at $183.89 on Friday. The business has a 50 day simple moving average of $200.71 and a 200-day simple moving average of $209.99. IDEX Co. has a 12 month low of $177.71 and a 12 month high of $246.36. The stock has a market capitalization of $13.94 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.98 and a beta of 0.99. 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 (NYSE:IEX) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 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, equities analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

IEX has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada reduced their price objective on 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 lowered their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Citigroup cut their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.

About IDEX

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.