Nordea Investment Management Reduces $83M in IDEX Corporation ($IEX)
Key Points
- Nordea Investment Management changed its IDEX Corporation ($IEX) stake by 16.9% last quarter, cutting to 1,873,464 shares worth $406.35 million.
- Wall Street's consensus rating on $IEX is Buy and an average price target of $238.29.
- $IEX last traded around $216.90.
Nordea Investment Management reduced its position in IDEX Corporation ($IEX) by 16.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,873,464 shares of IDEX Corporation after selling 381,686 shares during the quarter. Nordea Investment Management's holdings in IDEX Corporation were worth $406.35 million as of its most recent filing.
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About IDEX Corporation
IDEX Corporation, together with its subsidiaries, provides applied solutions in the United States, North America, Europe, Asia, and internationally. It operates through three segments: Health & Science Technologies (HST), Fluid & Metering Technologies (FMT) and Fire & Safety/Diversified Products (FSDP). The HST segment designs, produces, and distributes a range of precision fluidics, positive displacement pumps, powder and liquid processing technologies, drying systems, micro-precision components, pneumatic components and sealing solutions, high performance molded and extruded sealing components, and custom mechanical and shaft seals. This segment also offers engineered hygienic mixers and valves, biocompatible medical devices and implantable products, air compressors and blowers, optical components and coatings, ultra-precision diamond tools, and laboratory and commercial equipment, as well as precision photonic solutions, technical ceramics, hermetic sealing products, porous material structures, and flow control solutions. The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, other fluid-handling pump modules, and systems; and provides flow monitoring and other services. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, and rescue tools; lifting bags and other components and systems; engineered stainless steel banding and clamping devices; and precision equipment for dispensing, metering, and mixing colorants and paints. The company was incorporated in 1987 and is headquartered in Northbrook, Illinois.
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