Idex Corp (NYSE:IEX).
Raymond James & Associates reports that it sold 14,695 shares in quarter ending 09/30/2017 decreasing its exposure to Idex Corp by 8.4%. Its position stood at $19,579,000 a decrease of $297,000 according to the filing.
Raymond James & Associates isn’t the only one who has changed their investment in IEX. As of the end of the quarter Tredje Ap-fonden had bought 4,880 shares growing its stake by 161.6%. The value of the total investment in Idex Corp went from $341,000 to $960,000 increasing 181.5% for the reporting period. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its stake by buying 12 shares an increase of 0.1% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 11,149 shares with a value of $1,354,000. The total value of its holdings increased 7.5%.
As of quarter end Eagle Boston Investment Management Inc had disposed of a total of 19 shares trimming its position 0.2%. The value of the investment in (IEX) increased from $1,383,000 to $1,501,000 a change of 8.5% since the last quarter.
October 20 investment analysts at Robert W. Baird reiterated a “Buy” rating on the company. Royal Bank Of Canada raised the price target of the stock on October 18 changing the price objective from $124.00 to $126.00 and issued a “Sector Perform” rating.
On October 18, 2017 Oppenheimer Holdings maintained a “Hold” rating on the company. On October 18, 2017 Seaport Global Securities kept a “Neutral” rating on the company.
October 17 investment analysts at SunTrust Banks made no change to the company rating of “Hold” with a current price target of $118.00. On October 6 Cowen and Company maintained a stock rating of “Hold” projecting a price of $95.00.
In the market the company is trading down by 0.70% since yesterday’s close of 127.64. Idex Corp currently has a P/E ratio of 32.51 and market cap is 9.68B. In the latest earnings report the EPS was $3.90 with 76.40M shares presently outstanding.
Investors are a little more bearish on Idex Corp at least if you consider the increase in short interest. The stock recorded a rise in short interest of 5.26% as of the latest report on October 31, 2017. Short interest increased from 1,346,747 to 1,417,596 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.02% as of October 31.