1,203 Shares in IDEX Co. (NYSE:IEX) Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new stake in IDEX Co. (NYSE:IEX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,203 shares of the industrial products company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in IDEX by 1,196.4% in the 4th quarter. Nordea Investment Management AB now owns 135,825 shares of the industrial products company’s stock valued at $29,598,000 after buying an additional 125,348 shares during the last quarter. Lincoln National Corp boosted its position in IDEX by 7.1% in the 3rd quarter. Lincoln National Corp now owns 1,564 shares of the industrial products company’s stock valued at $325,000 after buying an additional 104 shares during the last quarter. Deutsche Bank AG boosted its position in IDEX by 13.3% in the 3rd quarter. Deutsche Bank AG now owns 244,610 shares of the industrial products company’s stock valued at $50,884,000 after buying an additional 28,661 shares during the last quarter. Raymond James & Associates boosted its position in IDEX by 11.2% in the 4th quarter. Raymond James & Associates now owns 76,465 shares of the industrial products company’s stock valued at $16,601,000 after buying an additional 7,684 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of IDEX by 112.4% during the fourth quarter. Boston Trust Walden Corp now owns 201,152 shares of the industrial products company’s stock worth $43,672,000 after purchasing an additional 106,431 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IEX has been the topic of several research analyst reports. Stifel Nicolaus raised shares of IDEX from a “hold” rating to a “buy” rating and increased their price target for the stock from $215.00 to $265.00 in a research report on Thursday, February 8th. Citigroup increased their price target 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $255.00 price target on shares of IDEX in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.00.

IDEX Price Performance

IEX opened at $230.39 on Tuesday. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36. The company’s 50-day moving average price is $236.13 and its 200 day moving average price is $215.58. 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 announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. IDEX had a net margin of 18.21% and a return on equity of 18.56%. The company had revenue of $788.90 million for the quarter, compared to analyst estimates of $767.96 million. During the same quarter last year, the business earned $2.01 earnings per share. IDEX’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that IDEX Co. will post 8.35 earnings per share for the current year.

IDEX Company 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.