Daiwa Securities Group Inc. Buys 674 Shares of IDEX Co. (NYSE:IEX)

Daiwa Securities Group Inc. grew its holdings in shares of IDEX Co. (NYSE:IEX) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,106 shares of the industrial products company’s stock after buying an additional 674 shares during the period. Daiwa Securities Group Inc.’s holdings in IDEX were worth $2,533,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IEX. Studio Investment Management LLC increased its holdings in shares of IDEX by 4.9% during the third quarter. Studio Investment Management LLC now owns 955 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 45 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of IDEX by 4.1% in the 4th 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 during the period. Albert D Mason Inc. boosted its stake 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 worth $948,000 after acquiring an additional 56 shares during the last quarter. Diversified Trust Co lifted its position in IDEX by 1.0% during the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock valued at $1,300,000 after purchasing an additional 59 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC grew its stake in shares of IDEX by 2.7% during 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 acquiring an additional 60 shares during the period. Institutional investors own 97.96% of the company’s stock.

Analyst Ratings Changes

IEX has been the subject of several recent analyst reports. DA Davidson dropped their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their price objective 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 raised their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a 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 stock. According to data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Stock Down 2.0 %

Shares of NYSE IEX opened at $178.18 on Friday. IDEX Co. has a 52-week low of $177.71 and a 52-week high of $246.36. 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 stock has a 50 day moving average price of $203.70 and a 200 day moving average price of $210.93. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.98 and a beta of 0.99.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Sell-side analysts expect that IDEX Co. will post 8.26 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.