IDEX Co. (NYSE:IEX) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of IDEX Co. (NYSE:IEX) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,132 shares of the industrial products company’s stock after selling 8,167 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.15% of IDEX worth $25,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in IDEX by 120.3% during the first quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 77 shares during the period. Clear Street Markets LLC grew its holdings in IDEX by 94.7% in the first quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 72 shares during the last quarter. Planned Solutions Inc. acquired a new stake in IDEX in the fourth quarter valued at $33,000. Compagnie Lombard Odier SCmA acquired a new stake in IDEX in the fourth quarter valued at $54,000. Finally, Covington Capital Management grew its holdings in IDEX by 120.7% in the third quarter. Covington Capital Management now owns 331 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

NYSE IEX opened at $226.83 on Thursday. The firm has a market capitalization of $17.17 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.29 and a beta of 0.97. IDEX Co. has a 1-year low of $183.76 and a 1-year high of $246.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.05. The business’s 50-day simple moving average is $236.43 and its 200-day simple moving average is $215.81.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The business had revenue of $788.90 million for the quarter, compared to analyst estimates of $767.96 million. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. Equities analysts predict that IDEX Co. will post 8.35 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on IEX shares. Citigroup upped 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. StockNews.com upgraded IDEX from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $255.00 price objective on shares of IDEX in a research report on Thursday, March 21st. Finally, Stifel Nicolaus upgraded IDEX from a “hold” rating to a “buy” rating and upped their price objective for the company from $215.00 to $265.00 in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.00.

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.