Glenview Trust co Has $1.36 Million Position in IDEX Co. (NYSE:IEX)

Glenview Trust co raised its stake in shares of IDEX Co. (NYSE:IEX) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,508 shares of the industrial products company’s stock after purchasing an additional 135 shares during the period. Glenview Trust co’s holdings in IDEX were worth $1,362,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IEX. Asset Management One Co. Ltd. lifted its position in IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock worth $6,386,000 after acquiring an additional 1,209 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of IDEX by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Cerity Partners LLC boosted its stake in IDEX by 48.3% during the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock valued at $4,426,000 after purchasing an additional 6,720 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in IDEX by 7.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock valued at $53,720,000 after buying an additional 16,504 shares during the last quarter. Finally, Assetmark Inc. increased its position in IDEX by 129.1% in the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock worth $87,000 after buying an additional 235 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Trading Up 2.4 %

IEX stock opened at $182.47 on Monday. IDEX Co. has a 1-year low of $177.71 and a 1-year high of $246.36. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $202.65 and its 200-day moving average is $210.65. The firm has a market cap of $13.83 billion, a P/E ratio of 27.44, a P/E/G ratio of 1.98 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

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

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.