Charles Schwab Investment Management Inc. Has $133.98 Million Holdings in IDEX Co. (NYSE:IEX)

Charles Schwab Investment Management Inc. lifted its stake in IDEX Co. (NYSE:IEX) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 640,183 shares of the industrial products company’s stock after buying an additional 9,740 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of IDEX worth $133,984,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in shares of IDEX by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock worth $6,386,000 after buying an additional 1,209 shares in the last quarter. Cerity Partners LLC grew its position in IDEX by 48.3% during the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock worth $4,426,000 after acquiring an additional 6,720 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in IDEX by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after acquiring an additional 4,465 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in IDEX by 7.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock worth $53,720,000 after acquiring an additional 16,504 shares during the last quarter. Finally, Covea Finance grew its position in IDEX by 70.6% during the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock worth $3,035,000 after acquiring an additional 6,000 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Down 0.1 %

Shares of IEX opened at $187.36 on Friday. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. The business’s fifty day moving average price is $205.65 and its two-hundred day moving average price is $211.28. IDEX Co. has a 52 week low of $183.24 and a 52 week high of $246.36.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. On average, analysts predict that IDEX Co. will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IEX shares. Royal Bank of Canada decreased their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DA Davidson decreased their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus increased their price target on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup decreased their price target on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.71.

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.