Oppenheimer Asset Management Inc. Sells 7,068 Shares of IDEX Corporation $IEX

Oppenheimer Asset Management Inc. trimmed its position in IDEX Corporation (NYSE:IEX) by 70.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,972 shares of the industrial products company’s stock after selling 7,068 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in IDEX were worth $484,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in IDEX by 235.5% during the second quarter. Assetmark Inc. now owns 1,899 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 1,333 shares in the last quarter. Nordea Investment Management AB raised its position in shares of IDEX by 193.6% during the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares in the last quarter. Robeco Schweiz AG lifted its holdings in shares of IDEX by 14.2% in the 3rd quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock valued at $44,122,000 after acquiring an additional 33,752 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of IDEX by 70.1% in the 2nd quarter. SG Americas Securities LLC now owns 15,636 shares of the industrial products company’s stock valued at $2,745,000 after acquiring an additional 6,443 shares during the last quarter. Finally, Groupama Asset Managment grew its position in IDEX by 80.9% in the second quarter. Groupama Asset Managment now owns 10,194 shares of the industrial products company’s stock worth $1,797,000 after acquiring an additional 4,558 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 2.5%

IEX stock opened at $210.31 on Monday. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $217.15. The firm’s 50-day moving average is $189.90 and its 200 day moving average is $174.16. The company has a market capitalization of $15.74 billion, a PE ratio of 32.81, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. The business had revenue of $899.10 million for the quarter, compared to the consensus estimate of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. On average, research analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IEX. TD Cowen upped their price objective on IDEX from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Citigroup increased their price target on IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, February 5th. DA Davidson lifted their price objective on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Stifel Nicolaus boosted their price objective on shares of IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $230.00 price target on shares of IDEX in a research note on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.