IDEX Corporation $IEX Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its stake in shares of IDEX Corporation (NYSE:IEX) by 60.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,057 shares of the industrial products company’s stock after selling 368,940 shares during the quarter. King Luther Capital Management Corp’s holdings in IDEX were worth $38,746,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in IDEX by 235.5% in the second quarter. Assetmark Inc. now owns 1,899 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 1,333 shares in the last quarter. Nuance Investments LLC increased its position in shares of IDEX by 102.3% in the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock worth $26,464,000 after purchasing an additional 82,223 shares during the last quarter. Nordea Investment Management AB increased its position in shares of IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after purchasing an additional 1,559,124 shares during the last quarter. Robeco Schweiz AG lifted its position in shares of IDEX by 14.2% during the third quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock worth $44,122,000 after purchasing an additional 33,752 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of IDEX by 70.1% during the second quarter. SG Americas Securities LLC now owns 15,636 shares of the industrial products company’s stock worth $2,745,000 after purchasing an additional 6,443 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Trading Down 0.0%

IEX stock opened at $209.15 on Thursday. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $217.15. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $191.96 and its 200-day moving average is $175.08. The firm has a market cap of $15.65 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.10 and a beta of 1.00.

IDEX (NYSE:IEX) last posted its earnings results 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 company had revenue of $899.10 million during 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%. IDEX’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IEX. Argus upgraded IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective for the company in a research report on Friday, February 6th. Royal Bank Of Canada increased their price target on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Robert W. Baird set a $247.00 price objective on shares of IDEX in a research note on Thursday, February 5th. TD Cowen increased their target price on shares of IDEX from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Oppenheimer restated an “outperform” rating and set a $230.00 price target on shares of IDEX in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $228.22.

About IDEX

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.