Amalgamated Bank Has $3.05 Million Stock Holdings in IDEX Co. (NYSE:IEX)

Amalgamated Bank trimmed its position in IDEX Co. (NYSE:IEX) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,590 shares of the industrial products company’s stock after selling 288 shares during the quarter. Amalgamated Bank’s holdings in IDEX were worth $3,054,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its stake in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. acquired a new stake in IDEX in the third quarter valued at about $39,000. Brooklyn Investment Group bought a new position in IDEX in the third quarter valued at about $86,000. Fred Alger Management LLC acquired a new position in IDEX during the third quarter worth about $89,000. Finally, Millburn Ridgefield Corp lifted its holdings in shares of IDEX by 475.0% in the third quarter. Millburn Ridgefield Corp now owns 460 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 380 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup lowered their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. 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 research note on Thursday, February 6th. Finally, DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock 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 company. According to MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average target price of $241.71.

IDEX Stock Up 0.3 %

Shares of IEX opened at $194.31 on Friday. The stock’s 50-day moving average price is $207.62 and its two-hundred day moving average price is $211.61. IDEX Co. has a 12 month low of $189.51 and a 12 month high of $246.36. The company has a market capitalization of $14.73 billion, a PE ratio of 29.22, a PEG ratio of 1.98 and a beta of 0.97. 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 earnings results 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 return on equity of 16.08% and a net margin of 15.45%. On average, analysts anticipate that IDEX Co. will post 8.26 EPS 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.