Bank of Montreal Can Sells 34,921 Shares of IDEX Co. (NYSE:IEX)

Bank of Montreal Can decreased its holdings in IDEX Co. (NYSE:IEX) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,443 shares of the industrial products company’s stock after selling 34,921 shares during the period. Bank of Montreal Can’s holdings in IDEX were worth $14,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in IDEX by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock valued at $85,000 after buying an additional 106 shares in the last quarter. Assetmark Inc. boosted its position in shares of IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 235 shares during the last quarter. BankPlus Trust Department purchased a new position in IDEX during the fourth quarter valued at $123,000. EverSource Wealth Advisors LLC lifted its stake in IDEX by 49.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of IDEX by 416.0% during the 4th quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada reduced their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, DA Davidson lowered their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Trading Up 0.8 %

NYSE IEX opened at $168.23 on Friday. The stock has a market cap of $12.71 billion, a PE ratio of 25.30, a PEG ratio of 1.98 and a beta of 1.05. IDEX Co. has a 12 month low of $153.36 and a 12 month high of $238.22. The company’s 50-day moving average price is $185.17 and its 200-day moving average price is $206.47. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Equities research analysts forecast 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.