State of New Jersey Common Pension Fund D Sells 1,665 Shares of IDEX Co. (NYSE:IEX)

State of New Jersey Common Pension Fund D reduced its stake in IDEX Co. (NYSE:IEXFree Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,444 shares of the industrial products company’s stock after selling 1,665 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of IDEX worth $8,205,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in IDEX by 120.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 77 shares in the last quarter. Clear Street Markets LLC lifted its position in IDEX by 94.7% during the 1st quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company’s stock worth $34,000 after buying an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in IDEX by 43.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 164 shares of the industrial products company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. West Tower Group LLC bought a new stake in IDEX during the 2nd quarter worth about $42,000. Finally, Your Advocates Ltd. LLP bought a new stake in IDEX during the 2nd quarter worth about $60,000. 94.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of IDEX from $234.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer reissued an “outperform” rating and set a $245.00 price target on shares of IDEX in a research report on Thursday, October 19th. Finally, Stifel Nicolaus raised shares of IDEX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $215.00 to $265.00 in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $235.56.

Get Our Latest Stock Report on IEX

IDEX Stock Up 1.0 %

IDEX stock opened at $228.20 on Monday. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $231.61. The firm has a market capitalization of $17.26 billion, a PE ratio of 29.11, a P/E/G ratio of 2.29 and a beta of 0.96. The company’s 50-day moving average is $211.81 and its 200-day moving average is $209.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.05.

IDEX (NYSE:IEXGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. IDEX had a net margin of 18.21% and a return on equity of 18.56%. The business had revenue of $788.90 million for the quarter, compared to analyst estimates of $767.96 million. During the same quarter in the prior year, the business earned $2.01 EPS. IDEX’s quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that IDEX Co. will post 8.31 earnings per share for the current year.

IDEX Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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