Champlain Investment Partners LLC Has $237.12 Million Stock Position in IDEX Co. (NYSE:IEX)

Champlain Investment Partners LLC reduced its stake in shares of IDEX Co. (NYSE:IEX) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,132,994 shares of the industrial products company’s stock after selling 90,682 shares during the quarter. IDEX comprises 1.5% of Champlain Investment Partners LLC’s portfolio, making the stock its 15th biggest holding. Champlain Investment Partners LLC’s holdings in IDEX were worth $237,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in IEX. Vanguard Group Inc. lifted its stake in shares of IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company’s stock worth $1,947,654,000 after buying an additional 63,432 shares during the last quarter. Wellington Management Group LLP grew its position in shares of IDEX by 49.1% in the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company’s stock valued at $883,119,000 after purchasing an additional 1,388,667 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $399,350,000 after purchasing an additional 21,758 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of IDEX by 6.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,620,252 shares of the industrial products company’s stock worth $339,103,000 after purchasing an additional 95,840 shares during the last quarter. Finally, Barclays PLC boosted its stake in IDEX by 1.4% during the 4th quarter. Barclays PLC now owns 1,194,125 shares of the industrial products company’s stock valued at $249,922,000 after purchasing an additional 16,480 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

IEX has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on IDEX from $256.00 to $192.00 and set a “buy” rating for the company in a report on Monday. Citigroup reduced their price target on shares of IDEX from $264.00 to $201.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, DA Davidson reduced their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.14.

IDEX Price Performance

NYSE:IEX opened at $164.28 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The company has a 50-day moving average of $183.35 and a 200-day moving average of $205.55. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.98 and a beta of 1.05.

IDEX (NYSE:IEX) last announced its quarterly 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%. As a group, equities research analysts anticipate that IDEX Co. will post 8.26 earnings per share for the current fiscal 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.