Sepio Capital LP Sells 75 Shares of IDEX Co. (NYSE:IEX)

Sepio Capital LP lowered its stake in IDEX Co. (NYSE:IEX) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 5,074 shares of the industrial products company’s stock after selling 75 shares during the period. Sepio Capital LP’s holdings in IDEX were worth $1,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEX. Vanguard Group Inc. increased its holdings in IDEX by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company’s stock valued at $1,947,654,000 after buying an additional 63,432 shares during the period. Wellington Management Group LLP boosted its position in shares of IDEX by 49.1% during the 4th quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company’s stock worth $883,119,000 after acquiring an additional 1,388,667 shares in the last quarter. State Street Corp boosted its position in shares of IDEX by 0.5% during the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock worth $647,356,000 after acquiring an additional 15,077 shares in the last quarter. Geode Capital Management LLC increased its stake in IDEX by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,912,933 shares of the industrial products company’s stock valued at $399,350,000 after acquiring an additional 21,758 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in 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 valued at $339,103,000 after purchasing an additional 95,840 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reduced their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus lifted their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Citigroup decreased their price target 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Stock Performance

IDEX stock opened at $162.33 on Monday. The business has a 50 day moving average of $192.73 and a 200-day moving average of $208.54. The company has a market capitalization of $12.26 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.98 and a beta of 1.05. IDEX Co. has a 1 year low of $159.24 and a 1 year high of $241.97. 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 announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating 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 research analysts predict that IDEX Co. will post 8.26 earnings per share for the current 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.