IDEX Co. (NYSE:IEX) Shares Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC increased its holdings in shares of IDEX Co. (NYSE:IEX) by 27.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,250 shares of the industrial products company’s stock after acquiring an additional 266 shares during the period. Outlook Wealth Advisors LLC’s holdings in IDEX were worth $305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IEX. Raymond James & Associates grew its holdings in IDEX by 22.1% in the first quarter. Raymond James & Associates now owns 93,358 shares of the industrial products company’s stock valued at $22,781,000 after purchasing an additional 16,893 shares during the period. Berry Wealth Group LP acquired a new stake in IDEX in the 1st quarter valued at $240,000. Marshall Financial Group LLC increased its holdings in IDEX by 9.2% in the 1st quarter. Marshall Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $1,064,000 after acquiring an additional 369 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new position in IDEX during the first quarter worth $257,000. Finally, Norden Group LLC purchased a new position in IDEX during the first quarter valued at $473,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Down 1.2 %

IEX traded down $2.62 during trading hours on Friday, reaching $220.66. The company’s stock had a trading volume of 348,958 shares, compared to its average volume of 313,549. The business’s 50-day moving average is $236.36 and its 200-day moving average is $216.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.05. The stock has a market cap of $16.70 billion, a PE ratio of 29.03, a P/E/G ratio of 2.23 and a beta of 0.97. IDEX Co. has a fifty-two week low of $183.76 and a fifty-two week high of $246.36.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. The business had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.52 million. IDEX had a return on equity of 17.60% and a net margin of 17.89%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 EPS. As a group, equities research analysts predict that IDEX Co. will post 8.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IEX. Robert W. Baird cut their target price on shares of IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank of Canada reiterated 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 target price on IDEX from $254.00 to $277.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus upgraded IDEX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $215.00 to $265.00 in a research report on Thursday, February 8th. Finally, StockNews.com lowered IDEX from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

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.