Corient Private Wealth LLC Raises Stock Holdings in IDEX Co. (NYSE:IEX)

Corient Private Wealth LLC lifted its holdings in IDEX Co. (NYSE:IEX) by 237.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 256,769 shares of the industrial products company’s stock after purchasing an additional 180,601 shares during the quarter. Corient Private Wealth LLC’s holdings in IDEX were worth $53,740,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IEX. Asset Management One Co. Ltd. grew its position in IDEX by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock worth $6,386,000 after acquiring an additional 1,209 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in IDEX by 2.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after buying an additional 4,465 shares during the last quarter. Cerity Partners LLC boosted its stake in IDEX by 48.3% during the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after buying an additional 6,720 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in IDEX by 7.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock valued at $53,720,000 after acquiring an additional 16,504 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of IDEX by 129.1% in the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 235 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

IEX stock opened at $182.47 on Monday. 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 Co. has a 1-year low of $177.71 and a 1-year high of $246.36. The business has a 50-day moving average price of $202.65 and a 200 day moving average price of $210.65. The company has a market capitalization of $13.83 billion, a P/E ratio of 27.44, a PEG ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (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%. As a group, equities research analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IEX. DA Davidson cut their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus increased their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada cut their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup decreased their target price on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.71.

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.