Nicholas Company Inc. Purchases 5,103 Shares of IDEX Co. (NYSE:IEX)

Nicholas Company Inc. increased its position in IDEX Co. (NYSE:IEX) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,753 shares of the industrial products company’s stock after purchasing an additional 5,103 shares during the quarter. Nicholas Company Inc. owned approximately 0.11% of IDEX worth $18,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Glenview Trust co boosted its position in IDEX by 2.1% during the 4th quarter. Glenview Trust co now owns 6,508 shares of the industrial products company’s stock valued at $1,362,000 after acquiring an additional 135 shares in the last quarter. Corient Private Wealth LLC boosted its position in IDEX by 237.1% during the 4th quarter. Corient Private Wealth LLC now owns 256,769 shares of the industrial products company’s stock valued at $53,740,000 after acquiring an additional 180,601 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of IDEX by 3.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,662 shares of the industrial products company’s stock valued at $766,000 after purchasing an additional 121 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of IDEX by 49.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 196 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of IDEX by 21.8% during the 4th quarter. HighTower Advisors LLC now owns 12,546 shares of the industrial products company’s stock valued at $2,626,000 after purchasing an additional 2,242 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IEX. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup reduced their target price on IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 13th. DA Davidson reduced their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Price Performance

NYSE:IEX opened at $182.47 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. IDEX Co. has a 52 week low of $177.71 and a 52 week high of $246.36. The stock has a market capitalization of $13.83 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The stock’s 50-day moving average price is $202.65 and its 200-day moving average price is $210.60.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) 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%. As a group, equities analysts expect that IDEX Co. will post 8.26 EPS for the current fiscal year.

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.