Lodestar Investment Counsel LLC IL continued to hold its stake in IDEX Co. (NYSE:IEX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,700 shares of the industrial products company’s stock at the end of the first quarter. Lodestar Investment Counsel LLC IL’s holdings in IDEX were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Creative Planning increased its stake in IDEX by 4.3% in the first quarter. Creative Planning now owns 1,422 shares of the industrial products company’s stock worth $133,000 after buying an additional 59 shares during the period. GHP Investment Advisors Inc. increased its stake in IDEX by 1.3% in the third quarter. GHP Investment Advisors Inc. now owns 7,344 shares of the industrial products company’s stock worth $687,000 after buying an additional 91 shares during the period. Advantus Capital Management Inc increased its stake in IDEX by 1.1% in the third quarter. Advantus Capital Management Inc now owns 9,292 shares of the industrial products company’s stock worth $869,000 after buying an additional 100 shares during the period. LS Investment Advisors LLC increased its stake in IDEX by 2.4% in the third quarter. LS Investment Advisors LLC now owns 5,014 shares of the industrial products company’s stock worth $469,000 after buying an additional 117 shares during the period. Finally, US Bancorp DE increased its stake in IDEX by 7.1% in the third quarter. US Bancorp DE now owns 1,864 shares of the industrial products company’s stock worth $174,000 after buying an additional 123 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

IDEX Co. (NYSE:IEX) traded up 0.29% during trading on Tuesday, reaching $93.53. The company’s stock had a trading volume of 304,809 shares. The stock’s 50-day moving average is $92.79 and its 200 day moving average is $91.31. IDEX Co. has a 52-week low of $77.93 and a 52-week high of $96.24. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 26.50 and a beta of 1.15.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Monday, January 30th. The industrial products company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.03. IDEX had a return on equity of 18.95% and a net margin of 12.83%. The firm earned $530.40 million during the quarter, compared to analyst estimates of $547.11 million. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that IDEX Co. will post $3.92 EPS for the current fiscal year.

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A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of IDEX from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Jefferies Group LLC reissued a “hold” rating and set a $79.00 target price on shares of IDEX in a research report on Wednesday, April 12th. Royal Bank of Canada reissued a “hold” rating and set a $99.00 target price on shares of IDEX in a research report on Tuesday, April 11th. BMO Capital Markets reissued a “hold” rating and set a $101.00 target price on shares of IDEX in a research report on Monday, March 27th. Finally, Janney Montgomery Scott downgraded shares of IDEX from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a research report on Thursday, March 2nd. Eight analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $93.17.

About IDEX

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).

5 Day Chart for NYSE:IEX

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