Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.37 Million Stake in IDEX Co. (NYSE:IEX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of IDEX Co. (NYSE:IEX) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,101 shares of the industrial products company’s stock after selling 379 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in IDEX were worth $3,370,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC grew its holdings in IDEX by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after buying an additional 48 shares during the last quarter. Albert D Mason Inc. grew its holdings in IDEX by 1.3% in the 4th quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock valued at $948,000 after buying an additional 56 shares during the last quarter. Diversified Trust Co grew its holdings in IDEX by 1.0% in the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock valued at $1,300,000 after buying an additional 59 shares during the last quarter. Blackston Financial Advisory Group LLC grew its holdings in IDEX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company’s stock valued at $481,000 after buying an additional 60 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its holdings in IDEX by 3.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company’s stock valued at $381,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX stock opened at $182.02 on Monday. The stock’s fifty day simple moving average is $200.23 and its 200 day simple moving average is $209.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a one year low of $177.71 and a one year high of $245.70.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, analysts expect that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson lowered their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Citigroup reduced their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada reduced their price objective on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus raised their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and an average price target of $241.71.

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.