Oppenheimer Asset Management Inc. Grows Stock Holdings in IDEX Co. (NYSE:IEX)

Oppenheimer Asset Management Inc. boosted its holdings in IDEX Co. (NYSE:IEX) by 3.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,271 shares of the industrial products company’s stock after purchasing an additional 284 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in IDEX were worth $1,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IEX. Wealth Enhancement Advisory Services LLC grew its position in shares of IDEX by 119.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,864 shares of the industrial products company’s stock worth $1,043,000 after purchasing an additional 2,646 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in IDEX by 0.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 35,343 shares of the industrial products company’s stock worth $7,581,000 after purchasing an additional 95 shares during the period. QRG Capital Management Inc. grew its holdings in IDEX by 8.4% during the 3rd quarter. QRG Capital Management Inc. now owns 9,554 shares of the industrial products company’s stock valued at $2,049,000 after buying an additional 737 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. Finally, Northstar Asset Management Inc. boosted its position in shares of IDEX by 5.6% during the third quarter. Northstar Asset Management Inc. now owns 39,698 shares of the industrial products company’s stock worth $8,515,000 after acquiring an additional 2,096 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on IEX shares. DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus lifted their target price on 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 dropped their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Citigroup cut their price target on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Down 2.9 %

Shares of IEX stock opened at $188.64 on Tuesday. The company has a market cap of $14.30 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. IDEX Co. has a 1 year low of $188.11 and a 1 year high of $246.36. The stock’s 50 day simple moving average is $207.18 and its two-hundred day simple moving average is $211.69. 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 quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. Research analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

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.