Pictet Asset Management Holding SA Grows Stock Holdings in IDEX Co. (NYSE:IEX)

Pictet Asset Management Holding SA grew its holdings in IDEX Co. (NYSE:IEX) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,620,252 shares of the industrial products company’s stock after acquiring an additional 95,840 shares during the period. Pictet Asset Management Holding SA owned about 2.14% of IDEX worth $339,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC lifted its stake in shares of IDEX by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 48 shares in the last quarter. Albert D Mason Inc. raised its holdings in shares of IDEX by 1.3% during 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 period. Diversified Trust Co lifted its position in IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after acquiring an additional 59 shares in the last quarter. Blackston Financial Advisory Group LLC boosted 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 worth $481,000 after acquiring an additional 60 shares during the period. Finally, Signal Advisors Wealth LLC grew its position in IDEX by 3.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,822 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IDEX Stock Down 0.4 %

NYSE:IEX opened at $184.02 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth 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. The stock has a 50-day simple moving average of $197.86 and a 200 day simple moving average of $209.43.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping 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%. Sell-side analysts predict that IDEX Co. will post 8.26 EPS for the current fiscal year.

IDEX 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.