Nomura Asset Management Co. Ltd. Has $4.62 Million Position in IDEX Co. (NYSE:IEX)

Nomura Asset Management Co. Ltd. raised its position in IDEX Co. (NYSE:IEX) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 22,066 shares of the industrial products company’s stock after acquiring an additional 108 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in IDEX were worth $4,618,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IEX. Bleakley Financial Group LLC raised its position in shares of IDEX by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 48 shares during the period. Albert D Mason Inc. raised 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 acquiring an additional 56 shares during the period. 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 worth $1,300,000 after acquiring an additional 59 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its holdings in shares of IDEX by 2.7% during the fourth 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 shares of 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 purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

IEX has been the subject of several research reports. Royal Bank of Canada dropped their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Citigroup lowered their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, DA Davidson dropped their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, IDEX has an average rating of “Moderate Buy” and an average price target of $241.71.

IDEX Trading Up 0.1 %

Shares of IDEX stock opened at $181.18 on Wednesday. The firm’s 50 day moving average is $195.70 and its 200 day moving average is $209.23. The firm has a market capitalization of $13.69 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. IDEX Co. has a 1 year low of $176.39 and a 1 year high of $242.09. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.

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 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 research analysts forecast that IDEX Co. will post 8.26 earnings per share for the current fiscal year.

About IDEX

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.