GW&K Investment Management LLC Buys 2,745 Shares of IDEX Co. (NYSE:IEX)

GW&K Investment Management LLC boosted its stake in shares of IDEX Co. (NYSE:IEX) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 374,587 shares of the industrial products company’s stock after acquiring an additional 2,745 shares during the period. GW&K Investment Management LLC owned 0.49% of IDEX worth $78,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its position in shares of IDEX by 73.8% during the third 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 in the last quarter. Assetmark Inc. purchased a new position in IDEX during the 3rd quarter valued at approximately $39,000. Brooklyn Investment Group purchased a new position in IDEX during the 3rd quarter valued at approximately $86,000. Fred Alger Management LLC bought a new stake in IDEX in the 3rd quarter worth approximately $89,000. Finally, Millburn Ridgefield Corp raised its holdings in shares of IDEX by 475.0% during the 3rd 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IEX. Citigroup reduced their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada dropped their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. DA Davidson decreased their target price on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird dropped their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus upped their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Stock Performance

IDEX stock opened at $193.62 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85. The firm has a market capitalization of $14.67 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. IDEX Co. has a 1-year low of $189.51 and a 1-year high of $246.36. The company’s 50-day moving average is $207.98 and its 200 day moving average is $211.47.

IDEX (NYSE:IEX) last issued 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 forecast 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.