Duncker Streett & Co. Inc. Sells 69 Shares of IDEX Co. (NYSE:IEX)

Duncker Streett & Co. Inc. lowered its holdings in shares of IDEX Co. (NYSE:IEX) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,961 shares of the industrial products company’s stock after selling 69 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in IDEX were worth $860,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in IDEX by 120.3% in the 1st 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 last quarter. Clear Street Markets LLC lifted its position in shares of IDEX by 94.7% in the 1st quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 72 shares during the period. Planned Solutions Inc. purchased a new position in IDEX during the 4th quarter valued at about $33,000. Compagnie Lombard Odier SCmA purchased a new position in IDEX during the 4th quarter valued at about $54,000. Finally, Covington Capital Management lifted its position in IDEX by 120.7% during the 3rd quarter. Covington Capital Management now owns 331 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 181 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX stock traded down $1.24 during trading hours on Wednesday, reaching $229.25. The company had a trading volume of 355,764 shares, compared to its average volume of 276,633. The business has a fifty day moving average price of $236.34 and a 200-day moving average price of $215.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.05 and a current ratio of 2.89. The firm has a market cap of $17.35 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. IDEX Co. has a one year low of $183.76 and a one year high of $246.36.

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

Analyst Ratings Changes

IEX has been the subject of a number of recent research reports. StockNews.com raised shares of IDEX from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $255.00 price objective on shares of IDEX in a research note on Thursday, March 21st. Citigroup raised their price objective on shares of IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus upgraded shares of IDEX from a “hold” rating to a “buy” rating and raised their price objective for the company from $215.00 to $265.00 in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.00.

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.