JPMorgan Chase & Co. Sells 75,763 Shares of IDEX Corporation $IEX

JPMorgan Chase & Co. decreased its position in IDEX Corporation (NYSE:IEX) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 407,052 shares of the industrial products company’s stock after selling 75,763 shares during the quarter. JPMorgan Chase & Co. owned 0.54% of IDEX worth $66,252,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in IDEX in the second quarter valued at about $28,000. UMB Bank n.a. raised its stake in shares of IDEX by 61.0% in the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of IDEX in the 2nd quarter worth approximately $33,000. CYBER HORNET ETFs LLC bought a new stake in IDEX during the 2nd quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc bought a new stake in IDEX during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Up 0.9%

Shares of NYSE:IEX opened at $208.46 on Wednesday. The company has a 50 day moving average of $194.24 and a 200-day moving average of $176.54. IDEX Corporation has a one year low of $153.36 and a one year high of $217.15. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.08 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 announced 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 business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm 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, sell-side analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. DA Davidson lifted their price objective on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Citigroup lifted 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. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective on the stock in a report on Friday, February 6th. Stifel Nicolaus raised 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, Royal Bank Of Canada boosted their target price on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average 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.