Sei Investments Co. Sells 207 Shares of IDEX Co. (NYSE:IEX)

Sei Investments Co. lowered its position in IDEX Co. (NYSE:IEX) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,633 shares of the industrial products company’s stock after selling 207 shares during the period. Sei Investments Co. owned approximately 0.18% of IDEX worth $28,807,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in IDEX by 35.2% in 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 during the last quarter. Brooklyn Investment Group acquired a new stake in shares of IDEX in the 3rd quarter worth $86,000. Assetmark Inc. grew its stake in IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after buying an additional 235 shares during the last quarter. Fred Alger Management LLC acquired a new position in IDEX during the 3rd quarter valued at about $89,000. Finally, Millburn Ridgefield Corp raised its stake in IDEX by 475.0% in the third 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 last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Trading Down 0.4 %

Shares of IDEX stock opened at $184.33 on Wednesday. The stock has a market cap of $13.97 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The firm has a fifty day moving average price of $199.12 and a 200 day moving average price of $209.78. IDEX Co. has a 1 year low of $177.71 and a 1 year high of $245.70. 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 released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating 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%. Equities research analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on IEX. DA Davidson cut their price objective 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 boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased 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. Finally, Citigroup dropped their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a 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’s stock. According to MarketBeat, 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.