Vanguard Group Inc. Trims Stock Position in IDEX Corporation $IEX

Vanguard Group Inc. cut its position in IDEX Corporation (NYSE:IEX) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,092,987 shares of the industrial products company’s stock after selling 98,520 shares during the quarter. Vanguard Group Inc. owned about 12.15% of IDEX worth $1,479,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in IEX. Nordea Investment Management AB raised its position in shares of IDEX by 193.6% in the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after buying an additional 1,559,124 shares in the last quarter. Norges Bank bought a new position in IDEX in the 2nd quarter worth about $156,009,000. Qube Research & Technologies Ltd raised its holdings in shares of IDEX by 142.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock valued at $114,588,000 after acquiring an additional 383,221 shares in the last quarter. Flossbach Von Storch SE boosted its position in shares of IDEX by 132.8% during the 2nd quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock valued at $112,504,000 after acquiring an additional 365,525 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of IDEX by 635.4% during the 2nd quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock valued at $46,437,000 after acquiring an additional 228,525 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Trading Down 0.2%

NYSE:IEX opened at $207.48 on Friday. The firm has a market capitalization of $15.53 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.09 and a beta of 1.00. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $193.06 and a 200 day moving average of $175.64. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $217.15.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. The firm had revenue of $899.10 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $2.04 earnings per share. 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 predict that IDEX Corporation will post 8.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a research note on Friday, February 6th. Citigroup raised their price objective on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Oppenheimer reiterated an “outperform” rating and issued a $230.00 target price on shares of IDEX in a research report on Thursday, February 5th. Robert W. Baird set a $247.00 target price on IDEX in a research note on Thursday, February 5th. Finally, Stifel Nicolaus lifted their price target on IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $228.22.

IDEX Company 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.