Mizuho Securities USA LLC Boosts Position in IDEX Co. (NYSE:IEX)

Mizuho Securities USA LLC grew its holdings in shares of IDEX Co. (NYSE:IEX) by 46.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,177 shares of the industrial products company’s stock after purchasing an additional 2,268 shares during the period. Mizuho Securities USA LLC’s holdings in IDEX were worth $1,502,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brooklyn Investment Group acquired a new position in shares of IDEX during the 3rd quarter valued at $86,000. Jones Financial Companies Lllp lifted its stake 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 worth $85,000 after purchasing an additional 106 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of IDEX during the third quarter worth about $89,000. Assetmark Inc. grew its stake in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after buying an additional 235 shares in the last quarter. Finally, Millburn Ridgefield Corp raised its holdings in shares of IDEX by 475.0% during the 3rd quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock valued at $99,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

IEX has been the subject of several recent research reports. Citigroup lowered 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. Royal Bank of Canada lowered their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. DA Davidson decreased their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Trading Down 0.4 %

Shares of NYSE IEX opened at $184.33 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $199.12 and its two-hundred day moving average price is $209.78. IDEX Co. has a 52-week low of $177.71 and a 52-week high of $245.70. The stock has a market capitalization of $13.97 billion, a P/E ratio of 27.72, a PEG ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last announced its quarterly earnings data 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 return on equity of 16.08% and a net margin of 15.45%. On average, analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal 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.