IDEX Co. (NYSE:IEX) Shares Bought by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. grew its holdings in shares of IDEX Co. (NYSE:IEX) by 121.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,620 shares of the industrial products company’s stock after purchasing an additional 1,987 shares during the period. Stock Yards Bank & Trust Co.’s holdings in IDEX were worth $786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Planned Solutions Inc. acquired a new stake in shares of IDEX in the 4th quarter worth approximately $33,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of IDEX in the 4th quarter worth approximately $54,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of IDEX by 30.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 339 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 80 shares during the period. Desjardins Global Asset Management Inc. grew its holdings in shares of IDEX by 25.6% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 388 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 79 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of IDEX in the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Trading Up 1.1 %

Shares of IDEX stock opened at $232.37 on Wednesday. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36. The firm has a market cap of $17.59 billion, a PE ratio of 29.64, a P/E/G ratio of 2.30 and a beta of 0.97. The business’s fifty day moving average is $236.63 and its two-hundred day moving average is $216.50. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 0.37.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.52 million. During the same quarter in the prior year, the company posted $2.09 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Analysts anticipate that IDEX Co. will post 8.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of research reports. StockNews.com cut IDEX from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus upgraded IDEX from a “hold” rating to a “buy” rating and increased their target price for the company from $215.00 to $265.00 in a report on Thursday, February 8th. Oppenheimer increased their target price on IDEX from $245.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Citigroup increased their target price on IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $255.00 target price on shares of IDEX in a report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.78.

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.