Ontario Teachers Pension Plan Board Cuts Stock Holdings in IDEX Co. (NYSE:IEX)

Ontario Teachers Pension Plan Board decreased its stake in IDEX Co. (NYSE:IEX) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,095 shares of the industrial products company’s stock after selling 670 shares during the period. Ontario Teachers Pension Plan Board’s holdings in IDEX were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IEX. Jones Financial Companies Lllp boosted its holdings in shares of IDEX by 35.2% in the 4th 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 in the last quarter. Assetmark Inc. lifted its holdings in shares of IDEX by 129.1% in the 4th 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. Canada Post Corp Registered Pension Plan bought a new position in shares of IDEX during the 4th quarter valued at $105,000. BankPlus Trust Department purchased a new stake in IDEX during the fourth quarter valued at about $123,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of IDEX by 49.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $123,000 after buying an additional 196 shares during the period. 97.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

IDEX Trading Down 0.2 %

IEX opened at $163.77 on Friday. The stock has a market cap of $12.37 billion, a PE ratio of 24.63, a PEG ratio of 1.98 and a beta of 1.05. The business has a 50 day moving average of $182.70 and a 200-day moving average of $205.20. IDEX Co. has a 52 week low of $153.36 and a 52 week high of $238.22. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating 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 predict that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

IDEX Company 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.