Schroder Investment Management Group Has $52.27 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Schroder Investment Management Group cut its position in IDEX Co. (NYSE:IEX) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,296 shares of the industrial products company’s stock after selling 42,793 shares during the quarter. Schroder Investment Management Group owned approximately 0.33% of IDEX worth $52,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IEX. Arrowstreet Capital Limited Partnership bought a new position in shares of IDEX in the fourth quarter worth about $448,000. Allstate Corp bought a new position in IDEX in the 4th quarter worth approximately $489,000. Pictet Asset Management Holding SA lifted its holdings in shares of IDEX by 6.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company’s stock worth $339,103,000 after buying an additional 95,840 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of IDEX by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 22,066 shares of the industrial products company’s stock valued at $4,618,000 after acquiring an additional 108 shares during the period. Finally, Norges Bank acquired a new stake in shares of IDEX in the fourth quarter worth $217,658,000. Institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on IEX. Royal Bank of Canada reduced 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. Stifel Nicolaus increased their target price on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. DA Davidson lowered their price target 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 reduced their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.71.

IDEX Stock Up 0.1 %

NYSE IEX opened at $181.02 on Tuesday. IDEX Co. has a 1-year low of $176.39 and a 1-year high of $244.11. 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 stock’s 50 day moving average is $196.47 and its two-hundred day moving average is $209.37. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.98 and a beta of 0.99.

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