California State Teachers Retirement System Cuts Stake in IDEX Co. (NYSE:IEX)

California State Teachers Retirement System trimmed its position in shares of IDEX Co. (NYSE:IEX – Get Rating) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 125,513 shares of the industrial products company’s stock after selling 1,638 shares during the quarter. California State Teachers Retirement System’s holdings in IDEX were worth $25,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IEX. American Century Companies Inc. grew its position in IDEX by 34.2% during the 1st quarter. American Century Companies Inc. now owns 3,251 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 829 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of IDEX during the 1st quarter valued at about $1,058,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of IDEX by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,173 shares of the industrial products company’s stock valued at $1,950,000 after acquiring an additional 630 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of IDEX by 3.5% during the 1st quarter. Yousif Capital Management LLC now owns 16,223 shares of the industrial products company’s stock valued at $3,110,000 after acquiring an additional 555 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of IDEX by 24.2% during the 1st quarter. Sei Investments Co. now owns 82,824 shares of the industrial products company’s stock valued at $15,877,000 after acquiring an additional 16,117 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

IDEX Price Performance

NYSE IEX opened at $215.74 on Friday. IDEX Co. has a 12 month low of $172.18 and a 12 month high of $246.23. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.09 and a beta of 0.99. The company’s 50 day moving average is $228.00 and its two-hundred day moving average is $222.24. The company has a current ratio of 2.57, a quick ratio of 1.71 and a debt-to-equity ratio of 0.48.

IDEX (NYSE:IEX – Get Rating) last released its earnings results on Wednesday, February 1st. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.03. IDEX had a net margin of 18.44% and a return on equity of 21.44%. The company had revenue of $810.70 million for the quarter, compared to analysts’ expectations of $772.75 million. During the same quarter last year, the business earned $1.55 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, research analysts anticipate that IDEX Co. will post 8.61 earnings per share for the current year.

Insiders Place Their Bets

In other IDEX news, CFO William K. Grogan sold 3,181 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $226.36, for a total transaction of $720,051.16. Following the completion of the sale, the chief financial officer now directly owns 13,864 shares of the company’s stock, valued at approximately $3,138,255.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of IDEX from $241.00 to $242.00 and gave the company a “hold” rating in a report on Friday, January 20th. Citigroup dropped their price target on shares of IDEX from $273.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, February 2nd. StockNews.com initiated coverage on shares of IDEX in a research note on Thursday. They issued a “hold” rating on the stock. Mizuho increased their price objective on shares of IDEX from $225.00 to $227.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, DA Davidson increased their price objective on shares of IDEX from $220.00 to $225.00 in a research note on Tuesday, November 22nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $239.91.

IDEX Profile

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IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems.