Machina Capital S.A.S. Has $539,000 Stake in IDEX Co. (NYSE:IEX)

Machina Capital S.A.S. reduced its holdings in IDEX Co. (NYSE:IEX) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,574 shares of the industrial products company’s stock after selling 391 shares during the period. Machina Capital S.A.S.’s holdings in IDEX were worth $539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. acquired a new position in IDEX during the third quarter valued at approximately $39,000. Jones Financial Companies Lllp boosted its position in shares of IDEX by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 106 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of IDEX in the 3rd quarter valued at $86,000. Fred Alger Management LLC acquired a new stake in IDEX during the 3rd quarter worth $89,000. Finally, Millburn Ridgefield Corp lifted its holdings in IDEX by 475.0% during 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 in the last quarter. 97.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup dropped their price target on 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 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. DA Davidson reduced their price target 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. Finally, 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Price Performance

Shares of NYSE:IEX opened at $187.36 on Friday. The firm has a 50 day simple moving average of $205.18 and a 200 day simple moving average of $211.29. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.98 and a beta of 0.99. IDEX Co. has a one year low of $183.24 and a one year high of $246.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping 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%. Research analysts predict 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.