DNB Asset Management AS Has $6.61 Million Position in IDEX Corporation $IEX

DNB Asset Management AS boosted its holdings in IDEX Corporation (NYSE:IEX) by 97.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,583 shares of the industrial products company’s stock after acquiring an additional 20,035 shares during the period. DNB Asset Management AS’s holdings in IDEX were worth $6,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in shares of IDEX in the second quarter valued at about $28,000. UMB Bank n.a. boosted its holdings in shares of IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after buying an additional 75 shares during the period. Loomis Sayles & Co. L P acquired a new position in IDEX in the 2nd quarter valued at about $33,000. CYBER HORNET ETFs LLC bought a new position in IDEX in the 2nd quarter valued at about $35,000. Finally, MUFG Securities EMEA plc acquired a new stake in IDEX during the second quarter worth approximately $39,000. 97.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a research report on Friday, February 6th. Stifel Nicolaus boosted their price target on IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Oppenheimer reiterated an “outperform” rating and set a $230.00 price objective on shares of IDEX in a research report on Thursday, February 5th. DA Davidson lifted their target price on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Citigroup upped their price target on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $228.22.

IDEX Stock Performance

NYSE:IEX opened at $209.06 on Monday. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.11 and a beta of 0.98. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $217.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a fifty day moving average price of $196.09 and a 200-day moving average price of $177.49.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. The business had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. IDEX had a return on equity of 15.03% and a net margin of 13.98%.IDEX’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 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. As a group, equities analysts anticipate that IDEX Corporation will post 8.26 EPS for the current fiscal year.

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.