Speece Thorson Capital Group Inc. Sells 240 Shares of IDEX Co. (NYSE:IEX)

Speece Thorson Capital Group Inc. reduced its position in IDEX Co. (NYSE:IEX) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,224 shares of the industrial products company’s stock after selling 240 shares during the quarter. Speece Thorson Capital Group Inc.’s holdings in IDEX were worth $10,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in IDEX by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 9,306,008 shares of the industrial products company’s stock valued at $1,947,654,000 after acquiring an additional 63,432 shares during the period. Wellington Management Group LLP lifted 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 buying an additional 1,388,667 shares during the period. Geode Capital Management LLC raised its stake in IDEX by 1.2% during 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 acquiring an additional 21,758 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of IDEX by 6.3% in the 4th 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. Finally, Barclays PLC increased its position in shares of IDEX by 1.4% during the 4th quarter. Barclays PLC now owns 1,194,125 shares of the industrial products company’s stock worth $249,922,000 after purchasing an additional 16,480 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.2 %

Shares of NYSE:IEX opened at $163.77 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a 50 day moving average of $182.08 and a 200-day moving average of $204.82. IDEX Co. has a one year low of $153.36 and a one year high of $238.22.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 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, sell-side analysts forecast that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IEX has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective 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. Stifel Nicolaus decreased their target price on IDEX from $256.00 to $192.00 and set a “buy” rating on the stock in a report on Monday, April 14th. DA Davidson reduced their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, 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 research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average target price of $223.14.

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.