Bank Julius Baer & Co. Ltd Zurich Buys 8,888 Shares of IDEX Co. (NYSE:IEX)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in IDEX Co. (NYSE:IEX) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,143 shares of the industrial products company’s stock after buying an additional 8,888 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.09% of IDEX worth $14,837,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IEX. Wellington Management Group LLP lifted its stake in shares of IDEX by 108.4% in the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock valued at $607,234,000 after buying an additional 1,472,456 shares during the period. Champlain Investment Partners LLC increased its holdings in shares of IDEX by 28.8% during the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after buying an additional 273,460 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of IDEX by 133.2% in the fourth quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company’s stock valued at $85,105,000 after purchasing an additional 232,255 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of IDEX in the fourth quarter valued at approximately $35,375,000. Finally, DF Dent & Co. Inc. acquired a new stake in shares of IDEX in the third quarter valued at approximately $31,747,000. Institutional investors own 97.96% of the company’s stock.

IDEX Trading Down 0.1 %

IEX opened at $187.36 on Friday. The stock has a market capitalization of $14.20 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.98 and a beta of 0.99. IDEX Co. has a 12 month low of $183.24 and a 12 month high of $246.36. The firm’s fifty day simple moving average is $205.18 and its 200 day simple moving average is $211.29. 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 posted its quarterly earnings data 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 net margin of 15.45% and a return on equity of 16.08%. As a group, research analysts anticipate that IDEX Co. will post 8.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IEX has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. DA Davidson reduced their price objective on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Citigroup reduced their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada reduced their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus 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.