Intrust Bank NA Trims Position in IDEX Co. (NYSE:IEX)

Intrust Bank NA reduced its position in IDEX Co. (NYSE:IEX) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,917 shares of the industrial products company’s stock after selling 434 shares during the period. Intrust Bank NA’s holdings in IDEX were worth $1,866,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in IDEX by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock valued at $6,386,000 after purchasing an additional 1,209 shares during the last quarter. Cerity Partners LLC grew its holdings in IDEX by 48.3% in the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock valued at $4,426,000 after buying an additional 6,720 shares during the period. Assetmark Inc. increased its stake in shares of IDEX by 129.1% during the 4th quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 235 shares during the last quarter. Covea Finance lifted its holdings in shares of IDEX by 70.6% during the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock worth $3,035,000 after acquiring an additional 6,000 shares during the period. Finally, Barclays PLC boosted its position in shares of IDEX by 1.2% in the third quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock worth $252,603,000 after acquiring an additional 14,360 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup cut their target price 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. DA Davidson reduced their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Royal Bank of Canada lowered 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.71.

IDEX Stock Performance

Shares of NYSE IEX opened at $180.80 on Friday. IDEX Co. has a 12-month low of $177.71 and a 12-month high of $244.11. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market cap of $13.70 billion, a PE ratio of 27.19, a P/E/G ratio of 1.98 and a beta of 0.99. The stock has a 50 day simple moving average of $197.16 and a 200-day simple moving average of $209.32.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that IDEX Co. will post 8.26 EPS for the current 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.