Outlook Wealth Advisors LLC Purchases New Holdings in IDEX Co. (NYSE:IEX)

Outlook Wealth Advisors LLC purchased a new stake in IDEX Co. (NYSE:IEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 984 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other hedge funds have also made changes to their positions in IEX. American Century Companies Inc. lifted its position in shares of IDEX by 34.2% in the 1st quarter. American Century Companies Inc. now owns 3,251 shares of the industrial products company’s stock valued at $623,000 after acquiring an additional 829 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in IDEX in the 1st quarter worth approximately $1,058,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in IDEX by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,173 shares of the industrial products company’s stock worth $1,950,000 after buying an additional 630 shares in the last quarter. Yousif Capital Management LLC lifted its position in IDEX by 3.5% in the 1st quarter. Yousif Capital Management LLC now owns 16,223 shares of the industrial products company’s stock worth $3,110,000 after buying an additional 555 shares in the last quarter. Finally, Sei Investments Co. lifted its position in IDEX by 24.2% in the 1st quarter. Sei Investments Co. now owns 82,824 shares of the industrial products company’s stock worth $15,877,000 after buying an additional 16,117 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX opened at $232.67 on Monday. The company’s fifty day moving average is $235.89 and its 200-day moving average is $215.43. IDEX Co. has a 12 month low of $183.76 and a 12 month high of $246.36. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 0.37.

IDEX (NYSE:IEX) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share (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 period last year, the business posted $2.01 EPS. IDEX’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that IDEX Co. will post 8.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded shares of IDEX from a “hold” rating to a “buy” rating and increased their target price for the stock from $215.00 to $265.00 in a research report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $255.00 target price on shares of IDEX in a research report on Thursday, March 21st. Finally, Citigroup increased their target price on shares of IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and a consensus target price of $238.00.

About IDEX

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.