Stifel Nicolaus Issues Pessimistic Forecast for IDEX (NYSE:IEX) Stock Price

IDEX (NYSE:IEX) had its price objective decreased by research analysts at Stifel Nicolaus from $256.00 to $192.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 14.75% from the company’s current price.

Several other equities analysts also recently weighed in on IEX. DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada dropped their target price on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.14.

IDEX Stock Down 1.5 %

IEX opened at $167.32 on Monday. The firm’s 50 day simple moving average is $183.98 and its two-hundred day simple moving average is $205.84. The company has a market capitalization of $12.64 billion, a PE ratio of 25.16, a PEG ratio of 1.98 and a beta of 1.05. IDEX has a 1-year low of $153.36 and a 1-year high of $238.22. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, equities analysts forecast that IDEX will post 8.26 EPS for the current year.

Institutional Investors Weigh In On IDEX

Several large investors have recently made changes to their positions in IEX. Bleakley Financial Group LLC grew its holdings in IDEX by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company’s stock valued at $254,000 after buying an additional 48 shares in the last quarter. Albert D Mason Inc. grew its holdings in shares of IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company’s stock valued at $948,000 after purchasing an additional 56 shares in the last quarter. Diversified Trust Co increased its position in IDEX by 1.0% in the fourth quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company’s stock worth $1,300,000 after purchasing an additional 59 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its position in IDEX by 2.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 60 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock worth $1,031,000 after buying an additional 61 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

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.